kreyg

Bitcoin approaching very long term support levels

kreyg Updated   
BITFINEX:BTCUSD   Bitcoin
Bitcoin approaching long term trend line and long term support around $5800. It should regain the long term pre-mania trend line, otherwise hold tight for sub-$5000.
Comment:
Rising bottoms approaching the top trendline. Never really tested the bottom trendline or support though. Probably a little pullback here, but that range is getting really narrow.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.