CryptoCantona

BTC Log Support To The Rescue?

BITFINEX:BTCUSD   Bitcoin
Looks like bitcoin will have another fateful meeting with log support (dotted line) around 7000. This is an absolutely CRUCIAL level to hold to ensure we don't have a year long bear market. Eventually, we should see the red dotted resistance of this giant pennant tested. A break there is what we need to see to regain a bull market. This is a very macro view.

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