BITCOIN TECHNICAL ANALYSIS

Bitcoin has finally reached 8200 level and picked up my buy orders at 8200. I had a pending order at 8200 for almost 1 month and today got filled. 8200 area range is very critical and very important. Its 61% fib ratio of the up move. If bitcoin wants to see new highs soon then this area needs to be respected and we need to see very fast impulsive up move from 8200 range.

Confirmation will be break of 9000 that the down move is over, near 9000 level I have drawn small down moving trend line.

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NOTE: I am not a financial adviser and this is for education and entertainment purpose only. This is not a trading advise and just my opinion, please trade at your risk and do your research.