37,300 next closest support BTC level?
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
It broke cleanly my positive red trend line , on the daily chart . Barring any further large macro issues weighing BTC down, it seems it should next find support around $37,300.
Considering the signaling from the FED of 50 basis pts hike coming up, the pressures will remain on BTC from the larger market conditions. So we’ll see if it ultimately tests even lower. I’ll be waiting and ready. I still think anything under $40,000 is value buy based on fundamentals, development & technicals.
