Bitcoin price still clinging on to a big support line

in #bitcoin6 years ago

11.6.18.jpg

I thought yesterday that the price was going to break the support line of this triangle but it hasn't yet. There's still a little bit of room left for a bounce to the resistance line but not much. If it breaks lower, it could go to 5,600. The next major support is 3,000 but can it really get that low without buyers getting in? If the current support line holds or there's a false break and then a big upsurge, I would expect to see 10k again soon.

This is just my observations, not financial advice.

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