We touched support line and now forming triangle between 8800 and 8300.
This triangle looks bearish and I do not exclude such an option that we will see a false breakdown of this triangle down and then up. I understand now people scared and some one sell their bitcoins but for me is just an accumulation zone. At the moment, I do not see that bitcoin may fall below 7850, we have a bullish trend after 50% correction and continued upward movement, if we break the upper resistance line we will fly above 10k
Best regards EXCAVO
This triangle looks bearish and I do not exclude such an option that we will see a false breakdown of this triangle down and then up. I understand now people scared and some one sell their bitcoins but for me is just an accumulation zone. At the moment, I do not see that bitcoin may fall below 7850, we have a bullish trend after 50% correction and continued upward movement, if we break the upper resistance line we will fly above 10k
Best regards EXCAVO
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