Mihai_Iacob

Have Bitcoin topped for now?

Short
BITSTAMP:BTCUSD   Bitcoin
After the strong rise above 25k resistance, BtcUsd has accelerated its gains and reached a top above 29k.
The 29k-30k zone is a strong resistance zone that I've spoken about several times and considering in the last week we have 2 bearish engulfing formations in this zone we can expect a correction.
That being said, rallies should be sold and short-term traders could target 25k for their sell trades

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