micahjmiller

Bitcoin Looking for a Bounce

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
After the quick move down in Bitcoin , we are in an oversold condition with the RSI .

It is likely to see a bounce up anywhere from $5,200 to $6,000 from here, before continuing lower.

We have yet to see a cross of the 100 and 200 weekly MA to declare a bottom, so there are likely further lows to be made.
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