BitcoinShort
Bitcoin boincing off of the supply area
The (green) supply area is creating a bounce in the Bitcoin price. The volume bars still show that bears are in control, so we do not expect the bounce to last for long. The maximum target is $9,750. The 4H chart shows the key levels involved. Above the price are resistances, below the price supports.
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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.