A weekly close below 10k is negative news for prices and may lay waste to many next week especially if the following weekly candle is also lower. Just musings from me and thoughts from A.N. Other. 10.4 is a bit of a wall.
alejandroscotti
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@HaroldW, agreed. We're in the do-or-die support area. We must close the weeks above critical support or else it's gonna be very bearish for the rest of the year. BTC is holding up well, based on the computer analysis, we're more likely than not to breakout in the next weeks.
alejandroscotti
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@HaroldW, the next bearish weekly reversal is $9050 and major monthly support is $7000 so, as of now it is looking safe for a continued bull run