BitWater

News Support after Crash

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Bitcoin rallied again against the US dollar , as we are approaching the $11,000 level. At this point, anytime you get a pullback in the market there seems to be buyers. I would anticipate that the “floor” is probably the $9,000 handle. We are most certainly entering some type of mania at this point, and impulsive phase. Because of this, make sure that you have stop losses in place as they tend to reverse rather rapidly.

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