Bitcoin has overcome the mark of 8000 USD after the appearance of the next news, which will support the rate in the long term. Yesterday, several large US chain stores announced the imminent appearance of the possibility of paying for goods with cryptocurrencies. We are talking about such giants as Amazon and its Whole Foods food chain.
Signal to buy Bitcoin (BTC):
The psychological test of 8000 USD did not scare off new potential investors. Bitcoin continues to trade in this range, retaining its upward potential. The next buyers' target will be highs around 8200 and 8450, where I recommend fixing the profits. In the downward correction scenario, the support will be provided by the area of 7600, and you can buy Bitcoin immediately on the rebound in the area of 7200.
Signal to sell Bitcoin (BTC):
Only the formation of a false breakdown of the new high of 8200 will be the first signal to sell Bitcoin to reduce to the lower limit of 7600 and update a larger support area of 7200, where I recommend fixing the profits. With further growth along with the trend, it is best to consider selling a rebound from a maximum of 8500.
