Bitcoin will have to ensure the fluctuating movements witnessed but the long-term outlook is bullish. The forming falling wedge pattern signifies that a breakout is imminent. Spot rate: $8,139 Trend: Strongly bearish in the near-term. Support: $7,800, $7,700 and $7,500 Resistance: $8,400, $8,800 and $8,800 Bitcoin bullish mojo runs out moves under $8,400. The price stays depressed under the descending trendline resistance. Any dips under $8,000 are likely to bounce back owing to the support between $7,500 and $7,800. The Moving Average Convergence Divergence (MACD) suggests that the bulls have the upper hand. The ... (full story)