Yesterday we discussed the possibility of a dump at the green line and potentially touch the amber line today where the big vertical red line was.
I couldn't make this up. Look exactly at what happened!
So where we are at now? Although we went as down as $8900, it looks like Bitcoin bounced back up at the amber line quite hard, suggesting it's a hard level to break.
There is also another interesting thing i noticed but to show it to you i need to switch to a 5 minutes chart below
As you can see, the green line is now acting as support, which is very interesting.
This detail makes me think Bitcoin may be headed back up again, although we have to stay above the green line and, ideally soon, go back over the yellow line above us. If that's not the case we may see some nasty dump again below the amber line.
Overall, the market is in red but Bitcoin is now slightly above to where it was 24 hours ago. Also, dominance is at 65.56% which is good.
In other news
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