#BITCOIN - Final Steps Before CLEAR Up-Trend!

The majority of analysts think that the price has broken through the resistance of the channel/wedge and now testing this level. Nothing threatens BTC. However if we draw the resistance of this channel by highest points, we can mention that the price was at resistance level not long ago and now located inside the channel, again. It jeopardizes growth.


From the other hand, we have a support level inside the channel, the same that most of other traders consider as a resistance of downward channel. There is also EMA200 around $8200 that also plays as a support. If the price smashes $8700 and $9000, there's a big chance to see $9400, $10000 and even higher levels.

However, if $8200 level appears weak and BTC price falls below it, the vector could be quite nasty and lead us to $7600 - $7700 levels. Anyway, the priority is clearly upward, above $8200 Bitcoin looks really bullish.


At the same moment BTC dominance is ready to get out of downward channel, which usually means future growth.