Adam & Eve bottom testing an old support in this area.
Consider that there are a lot of eyes looking at the price of this asset right now, any hint of a recovery here will have that money on the sidelines follow through.
Once this little rally is over we will come back to test the 200MA again.
Conclusion: Bear trap here will take us into a bull trap later.
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I've been watching fiat leak.com and have seen single transactions for 445BTC, 330BTC, 283BTC in a matter of minutes..
I this breaks to the upside it will go very quickly.