We have 2 major trend lines, one at around $7400 (green) that is currently holding price action and the other one around $6800 (pink), I'm not trading bitcoin until there is a reversal confirmation, but the zone between these two trend lines seems like a probable bounce area. As far as a target goes, we have resistance around $8,000 if we cross that, then $9,000 would be the next target.
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Which trend line do you think will hold bitcoin? $7,200-$7,400 or $6,800s? Please leave a comment with your answer.
