MikeN

BTCUSD short term

BITSTAMP:BTCUSD   Bitcoin / Dollar
50 0 0
After a rather strong retracement, it looks like we touched the bottom of this trend around 605.
We re now rebounding , we failed to breach the 650 strong zone wich is an old support turned into resistance but is also the top of the cloud .
If we succeed breaching the cloud in a future attempt we could emerge in another bull scenario with a retest of the 700.
If we fail , we will be heading towards a retest of the bottom.
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