Last week lowest price 7599$
Resistance Levels: 9300$, 9600$ 10500$
Major Support Level: 8000$
Resistance Level: 10500$
After the strong decline we can see the correction, but the corrections levels looks horizontal.
We have seen the deadly decline last week from 11800$ to 7599$.It has crossed different support levels but stayed the strong resistance at 7500$.The correction was made quickly and the price reaches to 9300$.
We cannot expect a quick recovery as it has to cross many support levels to survive.
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