Bitcoin bounce buy zone
We can see a very strong support at the $6700-$8000 area. This area also matches up with a long-term upward trendline and the RSI is bottoming out. Looks to be a good buy zone, but we will have to break through the down-trend line to not continue dropping down further after the bounce. Be cautious as we could just bounce right back down off the big down-trend line.
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.