BTCUSD - Support holds!
The support level has managed to hold but the price has fallen into a range and looks to be getting ready to once again test this support level, if the price falls below the support level we could see bearish moves as low as $5600. If the price holds and starts to move above this support zone we could see the price make its way all the way to the resistance level of the descending triangle. Cryptocurrencies have been under a lot of pressure due to the amount of heists taking place and so much of the money being lost and not being able to regain it.
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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.