Art_of_Trading

BITCOIN (BTC) Forms Support for Long?!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The price formed a new support at 8900 area. The BTC             touched it twice and it was rejected both times. In other words, the buy orders are placed there and if it touches that support again, it will most likely bounce back. In addition, the price action shows the buyers are in control of the price. The recent green bullish bar indicates that the price is getting buying momentum.
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