Bitcoin reaching our major support!Watch for break of this level

31 thg 1, 2018

Bitcoin has dropped absolutely perfectly after breaking our ascending support and has reached our major support at 9500. We are now watching key support at 9509 (major swing low support, Fibonacci retracement) where a clean break of this level would open a potential drop to 7572 support (Fibonacci retracement, horizontal overlap support).

RSI (34) remains under immense bearish pressure from our descending resistance line.

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