12.8 BTC Market Analysis
Bitcoin continued its pullback yesterday with a strong early morning surge, showing a strong bullish trend. The upper channel has opened, and it may continue to rise. On the four-hour chart, the price has broken above the middle-upper band, and the accompanying MACD indicator shows increasing bullish volume. There are continued signals for further upside.
For intraday trading, look for bullish opportunities in the 90,500–90,000 range, with a target of 94,000.
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