Bitcoin Breaks the Wedge, Approaches Another Important Support
Bitcoin broke the descending wedge yesterday at $8360, which facilitated a trip below the $8000 mark today. Bears are targeting two levels now:
1) The confluence of 78.6% Fibonacci support and the descending trend line (the red line) at around $7950,
2) The 100 WMA which currently sits at $7519.
1) The confluence of 78.6% Fibonacci support and the descending trend line (the red line) at around $7950,
2) The 100 WMA which currently sits at $7519.
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