BTC is in a clear downtrend however its volatility ensures a sort of yoyoing price action. Can see a retest of the resistance around 54k then possibly a short continuation
Trade active
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BTC looks like having gained upward momentum and seems to be going towards the original target.
Trade closed: stop reached
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Stopped out - , seems like BTC has a difficulty crossing 51k. Apologies
Do you think BTC can still bounce up? I mean recently he didn't even break 51.
Ranj80
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@averkieskila, You are right that BTC has been in a downtrend for some time now and it looks like it might fall to 41.5 - 42 k as well. However my analysis is basis a pullback that is required for BTC to drop again. Lets see fingers crossed.