Bitcoin regains longer-term support line
After its 6th straight day of gains, BTC/USD has regained a longer-term support line (see the magenta/purple line in the attached chart). Despite being in a medium-term down channel, the recent recovery from this year's low, coupled with the medium-term support line which was just reclaimed, could give more hopes to bulls for $8000 to be the next target and with $9500 a near-term target which would coincide with the upper resistance line of the bearish channel as a further obstacle.
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