Bitcoin -0.41% has 2 levels to trade. They are:
1) Bitcoin -0.41% bounces off of the side-wards support line between 6520 and 6560. This is also where the 20 and 50 moving average is, and would be a good place for a bounce and long opportunity.
2) Bitcoin -0.41% fails to support on the side-wards , and falls lower. Price will then hit the horizontal instead, at 6210 before a bounce up.
Bear in mind that if price plays out scenario 2, it is significantly less likely that the upside target will be hit.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
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