In yesterday's article on Bitcoin (CRYPTO: BTC), I highlighted a support level where the price is trading around that has the potential to end its decline and encourage a reversal back to the upside.
The price, as of Thursday, trading below this level, but only just. I tend to look at these levels as zonal areas instead of hard levels. We will get a better idea if this level holds firm by the end of this week, or even the end of May, once we have confirmed closing prices. Fake breakouts are common at major levels of support and resistance.
