CryptoTrendline

Bitcoin short term

BITFINEX:BTCUSD   Bitcoin
BTCUSD is currently at the flip zone around $9500. A few days of consolidation followed the drop from $11,750.

If price breaks above the flip zone and the descending trendline we can expect it to reach the double top around $11,750 and the $13,000 resistance.
If price goes down to the $7500 buy zone we can expect a reaction to the flip zone and then the $13,000 resistance.

At the moment it is best to wait and see what price does in the next few days.

Good Luck,
CryptoTrendline

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