Yesterday we have stated that we are still positive for the short term, as long as Bitcoin finds support above the trend line. As writing these lines, BTC found support, and for the next hours will try to break the $9,000 resistance. Breaking the $9000 level and we will probably see Bitcoin testing the 5-digits area, creating a nice cup and handle bullish pattern. Major support level lies around $7900.
BitFinex BTC/USD 1HR Chart:
BitFinex BTC/USD 4HR Chart:
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