Bitcoin regains longer-term support line

2020년 4월 27일

After its 6th straight day of gains, BTC/USD has regained a longer-term support line (see the magenta/purple line in the attached chart). Despite being in a medium-term down channel, the recent recovery from this year's low, coupled with the medium-term support line which was just reclaimed, could give more hopes to bulls for $8000 to be the next target and with $9500 a near-term target which would coincide with the upper resistance line of the bearish channel as a further obstacle.