Bitcoin & Pre-Market Updates - Reasons to remain cautiously optimistic.

Traders,

We have tested our multi-year support yet again! As you know, this is something I did not want to see us doing. However, our support remains incredibly strong and thus, we have bounced yet again off of that support. This is now the 16th or 17th time (depending on what one classifies as a touch) that we have tested our support. Currently, Bitcoin is forming a bullish hammer candle. Let's to a quick review of our charts here.

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