BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Strong resistance from 50 Moving average and downtrend channel . Next good support 7 900 - 8 000. If we close above 8750, then a retest of 9 000 will happen, but this is less likely looking at the current candles.
Give it a chance to consolidate. Life without bull flags leaves no time for new buyers to enter
+1 Reply
BrettduPreez steve.elliott
@steve.elliott, I agree, that is why I added the scenario of a breakout of the bull flag above 8750. This can very well happen, lets see after the consolidation. But it does seem to me that we could go to 8k after this.
+1 Reply
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