Bitcoin: Price below major resistance line
Dear traders,
Unfortunately the price has broken below the major resistance levels at $360 as seen on the shown hashed red trendline above. If unable to break above the high 300s resistance levels observed while deflating the $500 pump, the price will eventually retrace to 320s - 330s where the support may be retested. Another test of the $380 to $390 resistance should be observed prior to selling off, should that occur.
Unfortunately the price has broken below the major resistance levels at $360 as seen on the shown hashed red trendline above. If unable to break above the high 300s resistance levels observed while deflating the $500 pump, the price will eventually retrace to 320s - 330s where the support may be retested. Another test of the $380 to $390 resistance should be observed prior to selling off, should that occur.
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