Bitcoin has dropped below key support at $8500 and therefore we are changing our view to neutral. We would aim to take a long term long view if the cryptocurrency falls towards support at around $6500 as long as it doesn't consolidate below this level.
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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.