The BTC price went down last few hours and getting close to the key support area at 8453. The price acted on that level few times and it is more likely it will bounce back again. The buying orders are expected to be placed at that support. Plus, sellers will lock their profits, which give additional buying momentum to the price. In addition, the price is forming a Gartley pattern; this increases the probability of this setup and provides an exact level for entry and exit. T1 – 38.2% T2 – 61.8%
there seems to be other factors shredding these predictions of support we are approaching a death cross set up where the 50 day moving average may actually cross the 200 day moving average is that likely to beat the price into submission to much lower levels would you think?