As you can see, if BITFINEX:BTCUSD is supported at 8000, we can expect or .
The bounce from 7200 is not enough to penetrate 20 MA line.
For going through this strong 20 MA line (Blue), BITFINEX:BTCUSD needs a more powerful energy.
If this prediction becomes true, we can expect BITFINEX:BTCUSD will go up to 10000 level.
Always check MA line.
Especially like this reverse MA arrangement, MA line could be a serious resistance.
Once again, I expect Bitcoin will touch 240 green MA line.
In past, near the 240 MA line, Bitcoin shows a strong bounce.
However, I do not agree that Bitcoin goes to below 7200 level.
The bounce would be near 8000 level, I guess.