Do or die for bitcoin bull

Bitcoin Bulls faced the difficult task of gaining nearly $ 8,700 and $ 8,800 against the US dollar. The price of BTC may rise above $ 8,800 or fall below $ 8,470 in the next session.

• Bitcoin shows bear symbol rejected for less than $ 8,800

• The price is currently falling and approaching basic support of $ 8,560 and $ 8,470.

• On the BTC / USD chart, there is a large downtrend trend line that resists around $ 8,640.

• This pair may start new growth above $ 8,800 or fall significantly below $ 8,470.

Bitcoin Price May Fall Below $ 8,470

Ultimately, we discussed the resistance value of $ 8,800 against the US dollar. Recently, the BTC price tested resistance at $ 8,800, but did not go further.

(Source: newsbtc.com)

(Source:newsbtc.com)