FXHighway

Bitcoin heads south !

Short
BITSTAMP:BTCUSD   Bitcoin
Target: 2700.00
Risk: 3850.00

Technical reasons:

Strong decline that pushed Bitcoin price to achieve the expected target at 3400.00, and the price move below this level indicates the continuation of the negative pressure on the short term and medium term basis.
The next target at 2700.00, while achieving it requires consolidating below 3850.00.

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