Why BTC can break the resistance? Why BTC needs a correction?

Why BTC can break the resistance?
Why BTC needs a correction?

Bitcoin is breaking previous resistance at 7500-7600$ and trying to test 7800$. Let's see whether it is possible for BTC to fly right now or not.

Why BTC can break the resistance?

1. We have a clear bullish flag which should end around 8500-8800$.
2. We just broke global resistance and holding above it already for a few hours.

Why BTC needs a correction?

1. We still don't see a right correction after insane pump from 7300$.
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1. **7800$ resistance is really huge,BTC took 4 attempts to break 7600$ though it wasn't so tough.

2. TA indicators shows that BTC is **overbought.

3. During today's pump 4k long positions were opened and now we have 65% longs and only 35% shorts - this looks like a bull trap.
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All in all, in next 1-2 days we might see the action so be ready guys!
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Whats your opinion about it let me know by commenting Below .

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