Despite what signals are said that bitcoin will fly high
That bitcoin is starting to generate steady support above the $ 8,000 range, after the digital currency lost nearly 60% of its value from the highest level of $ 20,000, which was registered on December 17 last year on the trading platform "Bitfinex".

On the chart, the current price action shows a 32.2% retracement of the strong uptrend that continued for several years, while the RSI indicator for weekly, three-day, and daily charts is below the $ 20,000 threshold. If the resistance is able to withstand the current range, the main trend line, starting from the $ 3,000 tested in September 2017, will be validated and added to the convergence of signals, which indicates that the reverse trend may be imminent .