Bitcoin (BTC) has been trading sideways at the price of $8.470. A district court in Kiev Oblast has accepted a lawsuit which is setting a precedent in Ukraine. The plaintiff seeks compensation in bitcoin for "moral damages" caused by law enforcement officials. A preliminary hearing has been scheduled after the presiding judge found no legal grounds to reject the claim. Technical picture looks neutral to bullish.
Trading recommendations:
According to the 4H time - frame, I found a hidden bullish divergence on the moving average oscillator in the background, which is sign that selling looks risky. The key resistance is set at the price of $8.570. My advice is to watch for potential buying of key resistance for the upward continuation. The upward target is set at the price of $9.689.
Support/Resistance
$8.570 – Intraday resistance
$8.233– Intraday support
$9.689– Objective target
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