Bitcoin Price Analysis: if Support Holds Bitcoin Could See Development
Bitcoin Price Evaluation: Bitcoin Could Watch Continued Growth if Support Holds
- Bitcoin is currently perched between a well-defined band of costs outlined on both the weekly and monthly timeframes.
- As we float between the two weekly/monthly horizontals, volume is starting to diminish on both the distribution and the demand sides. Nonetheless, what distribution has surfaced has seemed to be consumed. We can expect to observe the market push to check the upper boundaries of the immunity at the $ 9,200 to $ 9,500 range if assistance can be maintained by us on our weekly $ 8,200 level.
- But if support does not hold and we manage to fall through, we can expect to observe a lot deeper test and potentially revisit the $6,400 to $6,800 range.
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