Is Bitcoin Creating A Solid Support To Moon From?!?! - Daily Bitcoin Screening: $7,425 (4hr chart)

We're here! #Bitcoin has finally reached our #support lines! Strangely, #BTC did not fare so well with our #bull trend support (red arrow). We had a rather steep sell-off right through it. However, it seems to be respecting our approx. $7,500 horizontal support quite nicely. To get even more precise with it, Bitcoin seems to have reacted off the same price around $7,320 as it did last time around (blue line/arrows). As of now, BTC is consolidating right between these price points. We could very well be creating a solid support right here to jump off of. If we don't hold this, we can assume we're going to retest our approx. $5,900 support. However, our #RSI is showing very oversold. The upward potential is building. We shall see. Stay vigilant!