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Bitcoin Testing Key Support Level

From tickmill.com

Bitcoin prices are on watch this week with the market currently testing a major support level. BTC futures briefly dipped below the $100k mark before rebounding back above the level through early European trading today. The level is seen as a key pivot with bulls needing to hold prices atop this marker to maintain the bullish outlook. If price breaks back below the level, however, this could pave the way for a deeper correction lower. US-Iran News The US airstrike on Iran over the weekend saw BTC prices coming under pressure initially at the weekly open as risk markets reacted lower. However, with no retaliation yet ... (full story)

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  • Category: Technical Analysis