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Bitcoin (BTCUSD) Inflection point @ 20800
Bitcoin has been undergoing correction ever since price managed to reach all time highs earlier in the year.
Currently it has retraced and price is sitting at a suppot level of 20800.
Continuation to the downside will only be valid if 20800 has been broken and the new support becomes resistance.
However if the trendline holds and price begins forming new higher highs on the lower timeframe,we shall look to go long above the inflection point 20800.
Currently it has retraced and price is sitting at a suppot level of 20800.
Continuation to the downside will only be valid if 20800 has been broken and the new support becomes resistance.
However if the trendline holds and price begins forming new higher highs on the lower timeframe,we shall look to go long above the inflection point 20800.
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