quantguy

Bitcoin Stabilizes

Short
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has slumped again after making another run for higher levels. We found support at $22.4K, and appeared to be make an attempt at a breakout to $23.9K. We quickly met resistance and found are running into support again at $22.4K again. If support does not hold there is a vacuum zone down to $20.7K, at the cusp of that range near lows we held for a while in June and July. If we can break through $23.9K, then $25.1K is the next target.

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