Several major support levels were broken during the past week. Bitcoin price reaches the levels we saw at the end of 2019.
Current Support/Resistance: $7'200/$7'900
Breaking the support around $7'900, the BTC price continues to fall, following the trends of the traditional markets. All indicators are bearish, and we are reaching a golden cross point, signalling the end of the bullish trends of the past months. We are reaching major support levels built up around $7'200 during the last months of 2019, which might provide a bit of a rest.
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