BTC/USD - Weekly Resistance & Support To Be Tested

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ($BTC) has been consolidating between $8500 and $9900 since May 2020.

On a weekly chart, two-year long Trendline Resistance and Support lines have been holding, with three major touchpoints each.

Downside Breakdown Targets (Support): $8500, $7000, $5000, $3000.

Upside Breakout Targets (Resistance): $10000, $12000, $16000, $19000.

Large Volume is needed to confirm a true sustainable breakout or breakdown.

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Posts are not financial advice.


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