CryptoTrendline

Bitcoin short term

BITFINEX:BTCUSD   Bitcoin
Bitcoin dropped on Monday and is heading towards the support level around $7,000 once again.

If price reacts from the support level, we can expect a possible rally up to the $8,000 resistance.
If price breaks through support, the next support is around $6,500.
In case price rallies from the current levels, we can expect it to reach for the $8,000 resistance level again.

Good Luck,
CryptoTrendline

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.