I think 6.600 is a strong support and it will hold very well. In case of break down the next level is 5.600. As a short term evolution i think we are close to the bottom (or this could be the bottom) and during the break out we are going to have some bull traps. Enjoy!
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The linear descending trend line was broken. Now it is the time of the logaritmic trend line to be broke. If it succed and will remain above we can see a bull run. However it seems that BTCUSD is finishing it's fuel so a retrace to the previously indicated 7.8k is still in site. On a weekly chart the BTCUSD graph looks very bullish.
Note
30 days have passed. As we went higher than previously indicated let’s see if 7.800 remains as support or is now 8.200 - 8.300. Regards
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I will close this thread as i opened a new one here: Enjoy!
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