BTCUSD – psychological price line breached

Past performance is not an indicator of future results.
BTCUSD has broken through the support line of a Support. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a target line to be around 7993.6748 within the next 2 days.