A closer look (Sharing Bitcoin's important levels as promised):
- Looking at the moving averages as indicators for support, a drop here can lead Bitcoin to test EMA50 sitting at $6177.
- Bitcoin also has short term support sitting around the $7200 - $7450 range, followed $6775.
- On the other hand, if Bitcoin turns around and moves up, we are looking at $8410 as the main resistance, followed by $8900 and finally $9950.
- Current price is hovering around $7635.
Where do you think Bitcoin is headed next?
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Thanks for the chart and perspective.