The bears went on offense today, slapping price down from $8,000 to known support at $7,500. Bulls were able to successfully defend this support for now as buyers stepped in and pushed price back up to $7,700. Bitcoin currently is trading around $7,660. It’s approaching the apex of a larger wedge. Daily volume remains relatively strong, just above $24 billion. This suggests a larger move is likely to come in the next few days.
In today’s video I discuss where price may be heading next, key areas to watch and so much more. I hope you find it helpful.
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