After breaking the support line of 9500, Bitcoin confirmed the downtrend channel, then in the black Monday it broke out of the support to flay beneath it a little but immediately it got bounced into the channel again showing that the price became attractive for the buyer.
The next hard resistance for the Bitcoin is $9500 then the next one will be hard one $11000 .. and from there it should break the resistance line for the down channel and fly above and maybe going back to the up trend or will respect the down channel and start to go down to its support line.
Volume and news will be an important indicators for us to decided.
The next hard resistance for the Bitcoin is $9500 then the next one will be hard one $11000 .. and from there it should break the resistance line for the down channel and fly above and maybe going back to the up trend or will respect the down channel and start to go down to its support line.
Volume and news will be an important indicators for us to decided.
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As we can see the Bitcoin respected my analysis so far .. And now it's making its support line around $9500 stronger to give it another try to break the resistance line of the down channel to fly free resuming its direction in the big up trend channel.
decide*
sorry for the typos :)