wildnomad0

Major BTCUSD Support line incoming

BITFINEX:BTCUSD   Bitcoin
If the blue line breaks, things might get rough. If it holds, expect short term upside movement to the 8k area for test of upward movement. There was a lot of volume around that area with this being the 4th time significant trading has occurred between 7.9k-8.2k. It's a key price level that will slow or halt any uptrend unless significant volume comes in.
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.