marketmind3

Bitcoin BTC Still Neutral

BITFINEX:BTCUSD   Bitcoin
Bitcoin chart has been going sideways for months now. Technically we're still below the resistance of the broken uptrend line (blue line). But I'm starting to see too many traders expecting a move downward (like I have for the past few weeks). The longer it lingers in this range, the increased chance we might actually breakout higher.

I'll let the market tells us what to do.

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