There is a lot of liquidity below 8000. Round numbers like that always contain lots of liquidity. Expecting the price to go there to let big players fill their positions. I am pretty bullish on Bitcoin, Expecting 11k to be broken this summer.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
