Expect 15.8k/16k to hold

Bitcoin / U.S. dollarBitstamp

Description

⋅ Nov 26, 2020 2:52 PM

The 15.8k/16k level is previous resistance flipped for support. Also around the .618 fib level of the current 10-20k rally.
There is too much interest, hype, and necessity given global monetary policies, to let the price drop too far.

Trend Analysis