From TradingView · · 30s
Bitcoin Support Retest Forecast
Bitcoin may test 78,900 support after trend line failure.
In brief
Bitcoin may test 78,900 support after trend line failure. Bitcoin could fall to 78,900 support level if it stays below 81,000. Originally reported by TradingView.
Bitcoin Trend Line Failure
Bitcoin declined under trend line and formed head and shoulders pattern near seller zone.
Current Price Position
Bitcoin trades below 81,000 seller zone but above 78,900 buyer zone.
Potential Support Test
Continuation lower could push price toward 78,900 support level if below 81,000.
The big picture
Bitcoin could fall to 78,900 support level if it stays below 81,000.
