The key level of $8'000, acted as a support this weekend. However, it has been crossed a few times last week.
Current support/resistance: $8'000/$8'500
In the last couple of days we started to see the trend changing and becoming less and less bearish. It seems to have calm down, but most of the indicators remain bullish. This also is also backed up by many analysts who believe this is the beginning of a fresh bullish run. Recalling that last year the $8'000 played the role of a support, a non negligible projected volume stands in the zone. We can expect in the short term that it will hold.
The RSI is now resting in high levels while the MACD and the 20 days moving average are in the green.
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