Bitcoin Continues Moving Toward Key Trendline

Bitcoin has started moving toward the trendline after a brief pullback, testing the key support zone and finding footing there. The move toward the yellow downtrend line will likely continue this week. After testing the trendline, the market’s real direction should become clearer.

86750 (horizontal support) and 85000 (uptrend support) are key levels to watch, while the ultimate target, the yellow trendline is currently around 89900.