Big movement expected on BTCUSD after a breach of 8508.1504

BTCUSD has broken through a line of 8508.1504 and suggests a possible movement to 8206.1484 within the next 23 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.