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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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.