BTC Contact with long term support line and daily MA 50
Updated
Hello guys, today we touched Bitcion's long term support line and Daily MA50, For now Bitcoin chills at that line. We should watch that line and also MAs. If that line can hold probably we'll see a bullish reversal which can pump us to 11.200-11.500$ area. If support line will not hold, probably we will find ourselves below 8.600$ level. Be careful about bear traps, wait for confirmations on both sides.
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As you can see support line looks like worked. We will wait for one or two more candles to confirm that.
Note: Because USA withdrew from nuclear agreement, bitcoin can become super bullish. Watch closely bitcoin price.
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