ivan1337

Bitcoin bounce buy zone

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We can see a very strong support at the $6700-$8000 area. This area also matches up with a long-term upward trendline and the RSI is bottoming out. Looks to be a good buy zone, but we will have to break through the down-trend line to not continue dropping down further after the bounce. Be cautious as we could just bounce right back down off the big down-trend line.
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