Hi guys,
I'm looking at 2 major support lines which I think will be very important for the immediate future for Bitcoin.
As well looking at a short position when we break it.
Check the analysis at :
https://youtu.be/k_vwzCvJcJcIn the video from 2 days ago, there is a swing trade with possibilities to increase your BTC holdings by 5-10X be sure to check it out!
Looking at the 1 day chart, we seem to be hitting one of those support lines as we speak. If Bitcoin dips down below $8,000, then somewhere around $6500 is likely. The RSI on the 1 day chart also shows that it should be trending up a bit though. While I think it's probably going to trend upwards, I really have no idea what's going to happen if we dip down below $8,000. If I were looking to get into Bitcoin, right now would be just fine. Even if it does dip down a bit, it's going to trend back upward very soon.