Resistance as old as time itself

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We have hit the dreaded 8.8k resistance level (RED ). As you can see this is old resistance that has acted as support after the 2017 rally. The good news is yet to come as we hopefully have formed local support (YELLOW). This is yet to be tested though.
Hopefully we wont have to test this and will maintain at the 7,950 level (BLUE) until the bears wear out.

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