BTC is holding broker Trendline Resistance at 8050 Area for now. BTC can pullback to 7555, 7450 & potentially to 7200 Area before bouncing towards 8450 Area with a possible extension to 8700-8950 before staging a pullback. 8450 Area should offer good fight. Bears may want to Target 5100 Area, on the other hands Bulls will try their hand at 9700 Area. Break of the Down Slopping Trendline is key for any bull case. If the Line breaks on Top Side 9700 is the last Bear stronghold. Losing 9700 will expose them to 11700, 13500, 14900
Twitter @tradingroomapp