BTC ANALYSIS - RETEST OF SUPPORT LEVEL?
SUMMARY
Price is currently looking at retesting the support level at $7,340. We saw price close well below the support and has now slowed down, we may see the bulls attempt to force price to retest this level and see if we can break back above.
The next most likely move for Bitcoin will be a retest of the $7,340 level and then a sharp fall towards the $7,780. This level doesn't presents a low volume area in the past which suggests price will fall straight this level and zip towards the $7,400 region shortly after.
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