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Bitcoin Revisiting Prior Support Levels

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@scaredycatguide
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I keep my eye on price point that saw reversals in the past. However, after they have been violated many times they don't hold much weight.

The 8,400 Level Isn't Really A Level - But It Is.

Looking at the chart below you can see the price sell off ran out of gas when we got to the 8,400 level.

I still have the old line drawn and that is great if this ends up acting as support...

However, looking left to right we can see there have been many breaks of that level and our clearer support currently is the 7,600 level.

Upside we need to make a run at 9,400, that level needs to be reached and breached for any real upside move.