EmpowerTrader

BTC Will We Hold The LINE?

BITSTAMP:BTCUSD   Bitcoin
Another rough weekend for BTC as selling pressure returned on Friday. Nevertheless, we're currently trading at critical support levels. There are two main scenarios I see right now. The first one is price will continue to trade in this narrow range between 43,000 and 28,000 for weeks to come. The second scenario is a breakout to the downside, which could see us go all the way down to 19k to test the 2017 cycle peak.

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