ralis24

Bitcoin - short term support

COINBASE:BTCUSD   Bitcoin
Bitcoin is currently in the mildly bearish zone below the pivot or equilibrium point. Note the Chaikin Oscillator is now under the zero line which is also bearish. Primary support is 7591. Any breach of that level should see price drop to secondary support at 7213. On the plus side accumulation/distribution is still very bullish which suggests any pullback should be short lived and represent a decent buying opportunity.
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