Bitcoin has come under fire again this week as yet again it reached all time highs. Along with this we saw a lot or demand in the coin grow as news and media outlets flooded the market with stories of all time highs and bubbles and what not. Taking a step back and ignoring all the waffle out there we can clearly see price rejecting the psychological level of 10k...looking to classic support and resistance technique previous highs around the 8k-8.5k area would be an area that price may bounce from again...
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.