Bitcoin has been selling off throughout the day today and looks set to tap into a major support level at 84500 to 85000. If we see a bounce from that level then we can anticipate price to reach around 86200, which could give us a good opportunity to ride the train down again.
If the major support area does not hold, then we can look for candle closure below that to possibly take bitcoin towards the region of 83000 to 84000 today.
If the major support area does not hold, then we can look for candle closure below that to possibly take bitcoin towards the region of 83000 to 84000 today.
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