Bitcoin has been trading sideways at the price of $8,470 in recent 24-hours. Strong resistance at the price of $8,700 held successfully, which is sign that sellers are still present.
Red rectangle – Resistance zone
Green rectangles – Support levels
Falling purple line – Expected path
Watch for selling opportunities on the BTC due to rejection of the resistance and broken previous swing low at $8,500. Support levels are set at the price of $8,319, $8,139 and $7,800,