Bitcoin reaches $ 8500 and is experiencing a slight correction
The stock price gained some gains and is trading near the $ 8500 level against the US dollar. Where there is a short term bullish channel with support at $ 8.300 on the hourly chart for BTC / USD.
The currency remains bullish, but may slightly correct around $ 8200 in the near term. The price of the form has risen more than $ 8,500 against the US dollar, but still has support levels at $ 8300 and $ 8200.
Price analysis
This week, we discussed the price of the greenback at $ 8.500 against the US dollar. Where the currency rose to the top and broke the resistance levels at 8000 dollars and 8200 dollars. They even traded near the $ 8500 level. Currently, the pair is trading in a range below $ 8500 with signs of stability.
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