Bitcoin is trading at a slight decrease for the day, with the price being below the previous day’s close.

BTC / USD continues to consolidate below $ 9,000 and is just above the key support of $ 8,500.

The price range is narrowing, which can lead to an explosive breakthrough.

On a weekly chart, the trend remains bullish, with the last 2 bars helping to break above the diagonal resistance.

BTC-W

On a daily chart, the price continues with tests of $ 8,500 and consolidation continues. Breakdown of the noted support will be followed by a downlink test.

Spot: $8,622

Relative change: -1.05%

High: $8791

Low: $8602


 Trader Aleksandar Kumanov


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