MMBTtrader

BTCUSD 200MA & resistance zone can dump price or more pump?

Short
MMBTtrader Updated   
BITSTAMP:BTCUSD   Bitcoin
200MA is a strong resistance zone here for bitcoin and it can dump price soon, price break it once around 20-22 May, and retest near 26 May.

But now bitcoin again reaches this resistance zone after 55% pump and without any heavy correction as we can see on the chart.

so we may have some local range or correction here maybe retest 0.38% and 0.5% of Fibonacci levels and then the continuation of pump.

Targets and strong supports ahead:
A. 42000
B. 39000
C. 37000

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