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BTC/USD: Traders Watch Key Support Levels
We could see some fireworks over the next couple of days, but I will approach this from a longer-term standpoint because it is really the only way you could do it reasonably right now. And what I see is consolidation. I see a massive floor in this market that extends from $84,000 down to the $80,000 level. If we were to break down below there, I think Bitcoin would be in massive trouble at that point. Short-term rallies are going to be possible, but I also recognize that they are not to be trusted, at least not quite yet. We would have to, at the very least, clear the $94,000 level to look upon this with favor and ... (full story)
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