KosirFX

Bitcoin forecast and analysis, what to expect?

Short
BITSTAMP:BTCUSD   Bitcoin
Hi traders, Bitcoin droped in last couple of days from +41.000, to around 32.000 which indicate strong rejection for me. Can we see price on bitcoin to continue to the downside? I see possibility for Bitcoin price to push lower and retest trend line around 28.000, but if price wont stop there it can go even lower to around 22.000. Anways my longterm target for BTC is way higher that last all time high around 41.000. But price just cant go like this straight up it needs to make correction in order to gain some strength to push higher then. I read some news about Bitfinex having problems and beeing investigate for their bussines with Tether, so that might shake crypto world for atlest short term time. Watch on lower time frame for possible correction and spots to enter sells. Dont sell it without having price action, its too risky! Good luck
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