PolarHusk

BTC/USD (Another Retest of Key Support?)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC /USD

-Bitcoin just got rejected again by the descending trendline resistance
-the price is approaching a key area of support at a 9k-8.8k range
-this area of support has been tested 4 times now
-if BTC will come back to this zone this will be its 5th retest
-bearish side, the more it gets tested, the more the support becomes weaker
-we will never know what will happen once the price hits that level again
-but one thing is for sure, large move is about to happen
-on the good side, if the price consolidates in that region for a few days.
-Altcoins will start recovering or break out of their consolidation stage
-please always use proper stoploss level, we are at the critical zone of trading already
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