THELOGICALINDIAN - Bitcoin Holds Key Support Levels
Bitcoin underwent a accelerated alteration aftermost black afterwards the bread apprenticed as aerial as $18,500 on arch exchanges. The bread fell by about $1,000 in the amount of a minute or two, coast from those highs to $17,400.
The cryptocurrency faced able on-chain resistance. There was additionally a ample bulk of affairs burden on crypto barter adjustment books. Commenting on the move, an analyst wrote:
Analysts anticipate the cryptocurrency will advance its bullish burden admitting the contempo drop.
Commenting on the four-hour chart, which shows able wicks into the low-$17,000s, a banker afresh said:
As the blueprint shows, Bitcoin has managed to authority key abutment levels admitting entering the low-$17,000s alert in the amount of a few hours. Bitcoin managing to advance aerial amount levels, the analyst explained, will acceptable activate a move against best highs. 
Source: BTCUSD from TradingView.com
Not the Only One That Thinks So
Other analysts are optimistic that the trend is still absolute for Bitcoin. Referencing how there are little resistances until new best highs, a banker afresh said:
Many accept declared that by the looks of it, the contempo bead was a bright buck trap. The affair is that there charcoal abounding bullish bazaar trends for Bitcoin, such as low allotment ante and a accumulation bulk of withdrawals from exchanges.
Adding to this, the fundamentals of the amplitude abide to advance as budgetary press continues and as Bitcoin assets notable Wall Street backers.
