This is plunging era for bitcoin. The atmosphere is already saturated with waiting buyers. Lots of traders wait at the dip to buy before the next spike which I suggest you do the same. Last week we expected that bitcoin would have a little spike but it never did as the resistance at $10,378 was too strong, even though it was tried twice. We should see more movements downwards this week. Basically, every trader should trade with caution and wait for the reversal.
Looking at the technical indicators:
Major Support Level – $9,937
Major Resistance Level – $10,378
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