Bitcoin: Approaching key support level
After the last months of rally, Bitcoin seems to be in a consolidation phase. A key support area is currrently being tested. These are the lows from 15./16. of July at 9000 to 9300$. Breakdown of this important demand zone could result in further losses while a succesfull retest of this area could open up the price action for some further consolidation between 9000 - 12000$.
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