Bitcoin Aims At ReTest Of Support

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The initial bounce we saw 24-Jan. for Bitcoin is losing steam.

This bounced pushed prices up to $38946 on the 26th of January when a strong rejection candle on high bear volume showed up.

Nowe we have a local downtrend.
This is a short-term analysis.

The next target is the yellow space.
The last two lows will work as support.

Note: This analysis is invalidated on a rise and close above the EMA10 green line.
This is not financial advice.

Thank you for reading.


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