Bitcoin has been trading sideways at the price of $8,470 in recent 24-hours. Strong resistance at the price of $8,700 held successfully, which is sign that sellers are still present.
Red rectangle – Resistance zone
Green rectangles – Support levels
Falling purple line – Expected path
Watch for selling opportunities on the BTC due to rejection of the resistance and broken previous swing low at $8,500. Support levels are set at the price of $8,319, $8,139 and $7,800,
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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