The Bitcoin price broke down below the $8500 support area. We think that it has a chance of initiating a reversal near $8200 and beginning an upward move.
The price broke down below $8500.
There are signs of a short-term reversal.
There is resistance at $8500 & $8800.
There is support at $8200.
On January 24, the Bitcoin price was rejected by the $8500 area
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This article is intended as news or presented for informational purposes only. The topic of the article and information provided could potentially impact the value of a digital asset or cryptocurrency but is never intended to do so. Likewise, the content of the article and information provided within is not intended to, and does not, present sufficient information for the purposes of making a financial decision or investment. This article is explicitly not intended to be financial advice, is not financial advice, and should not be construed as financial advice. The content and information provided in this article were not prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making any investment decisions.
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