Good day traders,
After the huge correction throughout the whole market, which led all top Cryptocurrencies to fall by double digits, Bitcoin and most of the Altcoins recovered some of the losses.
BTC bounced off at the 9.2k level.
It did fall below the previous support line (which is now a resistance), so to gain momentum again it will have to break it.
If it manages to break through, there's a chance we can have a new attempt at an ATH in the coming weeks.
If not, the 8k support level is always there.
Good luck on your trades!
After the huge correction throughout the whole market, which led all top Cryptocurrencies to fall by double digits, Bitcoin and most of the Altcoins recovered some of the losses.
BTC bounced off at the 9.2k level.
It did fall below the previous support line (which is now a resistance), so to gain momentum again it will have to break it.
If it manages to break through, there's a chance we can have a new attempt at an ATH in the coming weeks.
If not, the 8k support level is always there.
Good luck on your trades!