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RE: BTC - Testing the support line around 8500$
I am not trying to be a persistent bear here but I want to say that one or two days of upward movement in price do not establish a trend. Particularly when volumes continues to be relatively low when compared to previous uptrends. Even during bear markets, we get “dead cat” bounces that are traps for those of us that are looking to continue buying at attractive prices. Word of advice is to wait for volume to confirm upward trends while breaking key resistance levels higher. However, I do hope I am wrong and the move is to the moon!