norok

Bitcoin not out of the woods yet.

BITFINEX:BTCUSD   Bitcoin / Dollar
107 1 2
Bitcoin has hit it's first resistance on the Daily at 672 following a bounce off the 571 Weekly support level . Now the Daily timeframe is going to control price. This weekend is going to be critical for price to break the resistance. If it has not conquered it by Monday the Daily will begin to turn bearish and we could retest the 571 level and potentially make a move below it to the Daily cloud.
Thank you much. Very insightful and easy to follow.
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