in #btc2 years ago

Bitcoin has fallen out of its bullish channel and is currently below it, testing it as resistance. The 38.700 level is serving as strong support, from where the buyouts are coming back to the bullish channel wall, with the bearish divergence and higher highs on the chart it doesn't look very promising for BTC right now and I'm pretty much leaning towards the whole market falling. BITCOIN IS WEAKENING.

Nearest resistance: 39.300, 39.600, 40.300

Nearest support: 38.700, 38.300, 37.400 - (value may not serve as support, due to previous non-testing), 36.520

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