$BTC to test $10600 as its next resistance or $7400 support
**It is all about trend lines**
$BTC is in a cautious mode at this moment, there are 2 strong scenarios over here:
1. Bouncing off the current support line($9500) and trying to hit the resistance line at around $10600. Once it gets a breakout over there, it may be unstoppable.
2. If it goes below $8800, it may land itself at around $7400, the strong support zone.
$BTC is in a cautious mode at this moment, there are 2 strong scenarios over here:
1. Bouncing off the current support line($9500) and trying to hit the resistance line at around $10600. Once it gets a breakout over there, it may be unstoppable.
2. If it goes below $8800, it may land itself at around $7400, the strong support zone.
Comment:
Scenario 1 is doing quite well here. As expected it bounced off the support level of $9500 and went towards 10600. If it breaches that level, expect a bull run. #DYOR