BITCOIN - Horizontal Support zone
Bitcoin has been under some pressure of late as it battles to hold onto the $29000 level but still trading within a bigger range.
It's currently at a horizontal support zone and below the 200dma. A break of this zone opens the gate for a down leg to target $21500. Alternatively, bulls recapture the 200dma and attempt the upside break again.
It's currently at a horizontal support zone and below the 200dma. A break of this zone opens the gate for a down leg to target $21500. Alternatively, bulls recapture the 200dma and attempt the upside break again.
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