Did a TA on BTC using a 1hr chart and could see that its on a mini upward channel and its currently at the bottom half of the channel which usually means its a decent entry. Not only that, there is a tug-o-war at the $9,000 point and we can see that the price of BTC is constantly hovering around the range. However, it seem that BTC is finding support at that point right now (based on the fact that the last support point was directly at $9,000). If one more support point can be establised at $9,000, will prove a strong case of support being at this point and in particular, the rule of round number states that support and resistance comes in a "nice" numbers like - $8,000, $9,000 and $10,000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.