As mentioned yesterday, looks like bitcoin is holding the down moving trendline and its also 38% fib ratio and lots of prior resistance and support at this level. If price do reverse and moves down from here I expect it might reach near 8000-9000 level. I am looking to pick up some near 8200 level if it reaches there. Its a 61% fib ratio of the up move from 6000 to 11800.
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NOTE: I am not a financial adviser and this is for education and entertainment purpose only. This is not a trading advise and just my opinion, please trade at your risk and do your research.