On chart are the clear horizontal support and resistance levels for bitcoin. The recent top of $8390 is a key resistance level for bitcoin, having been a key pivot point through sprint 2018, and then ultimately calling the top in July. Alongside this level is the 38.2% fib retrace of feb->dec decline.
A break through here would be significant, with a lack of resistance until the January 2018 lows coming in @$9222 with the 38.2% retrace off ATH just above @$9450.
Another failed retest of $8390 on the other hand and immediate support comes in around $7800 with the FEb and April spike closes. Break those and you have 2 key pivot areas alongside the 20 daily moving average @~$6600
A break through here would be significant, with a lack of resistance until the January 2018 lows coming in @$9222 with the 38.2% retrace off ATH just above @$9450.
Another failed retest of $8390 on the other hand and immediate support comes in around $7800 with the FEb and April spike closes. Break those and you have 2 key pivot areas alongside the 20 daily moving average @~$6600