dennisdaiber
Short

BTC/USD time for correction

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Last week’s bullish divergence on the daily RSI resulted in almost 40% spike to the upside. Breaking above 200 day moving average with a significant volume and closing above it is a very bullish sign. Bitcoin price since went on an expected 10% decline and there is a potential for further correction. It would be reasonable to assume, that BTC might retest the 200-day MA level at around $9000.
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