in #bitcoin2 years ago

Bitcoin has seen a little selling as expected, but 38.700 and 38.300 serve as supports from which it can bounce back to resistances.
For a bullish move, we will need to break through the resistance walls of the trend lines and confirm them in support.
Important resistances: 39.600, 40.300
RSI still looks very negative so far and there is no indication that another pump is in the works.

Personally, I'm still leaning towards a bigger drop than this one because of the big weakness in the overall market.

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