Bitcoin Support and Resistance
This basic chart explains support and resistance areas. Support is where price action gets bought and send the PA higher, Resistance level is where The Price Action gets rejected people sell and take profits. In bitcoin is a normal bullish pullback and thus making it a healthy pull back before reaching the end of the bull run blow off top. In the past there have been 20 to 30% pull backs that are followed by a massive 100 + bull run.
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