As expected, Bitcoin began to grow after touching two support lines. Now the price is moving towards a strong resistance level of 9100. After reaching this level, I expect a drop to two support lines.
Bitcoin should drop more, This idea below explains why:
f-73
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Agree.
Moreover, 8500$ area is strengthened by MA20/W and MA50/W confluence. These MAs usually seal the bootom on an uptrend.
So support shoud hold on upcoming weekly close ( i don't mind intraweek dips ) or it would be pretty bad news for trend ...