There is a possibility a light lower line support could prop BTC back to $8k but realistically, if we come back up, its more probable to find $8k to be resistance now. Then there really isnt much between BTC & $6300, possible a fire sale for a short bit below the trend-line before popping back up. Currently the global books @ vcdepth.io show BTC signalled the...
Bitcoin: BTCUSD Update Quiet: No Buyers/No sellers, yet
So we got the rally from 6300 - the 6312 level has been constantly mentioned recently as a minimum downside target.
And it so happens that 6301 is 20% exactly from the high, a text-book retracement. So am thinking that we need to pay it
a little more respect next time we visit it, when this little counter...