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Market Recap, Sep 17th, 2020. $BTC is inching closer to the Major 11400 trend line and bearish control level!

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Hey Hivers and Leo Heads!

Today the market activity for BTC has a been a bit sideways, and the question is some key trend lines that we'll dive into a bit in this post.

Let's jump into the action and see how things are shaping up for this weekend!

Above we can see the important levels we should be looking out for. Currently 11345-11400 stands as the major trend line in the entire area. By breaking 11400 with good authority and closing with daily candles here, this would become a very BULLISH scenario.

On the flip side, if BTC does end up testing this level and gets a hard rejection, this means that we are likely coming down to at-least the 10K region to retest, and it would start to bring on concerns of lower action!

As it stands, we can see BTC come back to around the 11K region to still retain this bullish posture and build a bit more support to make a push to the 11400 for the ultimate test!

More updates coming soon!

Posted Using LeoFinance