continued to defend the $16.2k-$16.6k area over the festive season. The area as far south as $15.8k was something BTC bulls must guard in order to keep alive their hopes of a move up to $18k.Source: XMR/USDT on TradingView
Hence, this area was likely to pose heavy resistance to the price. A daily session close below the $139.4 level would indicate a shift in favor of the sellers. Even so, the $135 level can serve as support yet again and repel the bears.
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