CryptoTrendline

Bitcoin still consolidating

BITFINEX:BTCUSD   Bitcoin
Bitcoin is still in consolidation between support and resistance and didn't move much on Wednesday.

The scenario posted yesterday is still in play since there was almost no change in price.
If the support area holds, we can expect price to go above the flip-zone around $9,500.
If price breaks the support it will likely go further down to the $8,000 support area .

Good Luck,
CryptoTrendline

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