Bitcoin has broke its major support level after it made a lower high. We are coming into oversold conditions and could get a quick rally soon.
Note
Bitcoin bounced off the 6000 area and is now heading into its first major resistance area around 10000. It is also the prior uptrend.
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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.