Bitcoins Price Action Explained - Why the Price Will go to $8000

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All info can be found on the chart.

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The price has already increased 5% from here. So far we're going in a straight line towards our target. Remember what I explained on the chart: place your take profit slightly under the psychological resistance level of $8000, or else there will be a high chance you won't get hit.

If you want to go for a shorter scalp with lower risk, you can also set your take profit around $7500.