Bitcoin has been in recovery mode in the last ten days or so but has now reached a trendline that formed from two previous high points. At around $10,900 right now we could see another test of this line and if technical analysis is to be trusted – a sharp move either up or down could follow.
Here to discuss the chances of this happening is trading expert David Jones. He shows us the support and resistance levels at play in this situation and puts into context the news from around the world about regulation, central bank opinions about whether Bitcoin is a failure and renewed interest in South Korea.
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