Mihai_Iacob

Bitcoin- No power at all

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Two days ago I have written that Bitcoin could correct to the 35k zone, where we can see a clear horizontal resistance on our chart.
However, looking closely at price action in the past 48 hours is pretty clear that buyers have no power at all and a touch of that resistance has become less and less probable.
In my opinion, from a speculator's point of view, at this moment, is safer to sell rallies and expect a new drop and retest of 25k recent low.

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