Looks like the bulls are reacting and trying to bring the price of BTC back up, on the hourly chart the trend line has been broken. Lets keep watching this before making any moves 8500 is still possible!
We are currently watching BTCUSD value along this channel, if we crosso the bottom support we could possibly see BTCUSD hitting as low as 10k within the next few days! If we have its price cross over the upper restence line at about 14980 we will probably see the bulls take over. Lets keep watching this until further development. Until then just HODL
As long as it keeps on moving in within this area and dosent cross the lower trend line we should be all good. Keep watching this trend and hopefully within a few days or weeks we should see a new ATH, but if it fails to follow this upwards movement and crosses the bottom trend line we should see it hit lowe support. Good luck trading to all! and God bless Crypto!
First of, Im new in this game, just a guessing game right now! Support lines and trendlines indicating downward trend, if it keeps breaking the support lines it will keep droping, hopefully it will channel out of the drop soon, keep watching!