Having failed to break above ~$6700 since the drop below that level back on June 12th, bitcoin is coming back to test that area. It's the 38.2% slope of the pitchfork & 50% fib retrace off the final push lower from 7th June -> 24th June. Break through this level and a re-test of the long-term median line will be the target. Another fail will push us back to re-test potential "shoulders" levels @~$6000
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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.