Our hot real-time idea on Bitcoin in a Scalp Mode:
* Bitcoin hit $7,800 as we expected and headed North from there. * Consolidation trading range of $7,700 - $8,500 remains in force and we expect the price action to unfold until $8,500. * Volatility has increased and RSI is approaching the overbought condition on 1H, so a small correction may follow. * There are the two viable scenario, for the time being:
1) The price goes steadily up with a lack of resistance and breaks above $8,500. 2) Price bounces down from $8,400 - $8,500 and protracts the consolidation phase.
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