Bitcoin dropped even further on Wednesday and is now at the resistance level (previous support) around $6,500.
It's important to see how price reacts from the resistance level as this will show what the current sentiment is.
If price closes above the resistance, we can expect it to reach the next resistance area around $7,000.
If price starts dropping down, we can expect it to reach the next support area around $6,000 and eventually the support area below $5,000.
Good Luck,
CryptoTrendline
It's important to see how price reacts from the resistance level as this will show what the current sentiment is.
If price closes above the resistance, we can expect it to reach the next resistance area around $7,000.
If price starts dropping down, we can expect it to reach the next support area around $6,000 and eventually the support area below $5,000.
Good Luck,
CryptoTrendline