CryptoTrooper_

$BTC.X: Letting off some steam

BITSTAMP:BTCUSD   Bitcoin
#BTC seems to be letting off some steam from its rally. Buy volume is relatively weak at the moment, however, the 12-day EMA on the MACD seems to be sustaining its upward rise with no concrete sign of expected consolidation for the short-term future. RSI seems to be indicating slight over-bought volume, but it is continuing to hold its momentum for now. In my opinion, expect BTC's correction to hold around its current price point before more upward movement ($4263). Caution: Be careful if BTC falls below $4120. This may indicate evident bearish momentum.

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