BitInfo12

BTC Bullish & Bearish Scenario (Short Term)

Long
BITFINEX:BTCUSD   Bitcoin
BTC seems to be forming a symmetrical triangle. Being that the overall monthly trend is still bearish, the odd favor BTC breaking to the downside. However, with the RSI showing bullish divergence, there is a chance BTC will break to the upside and head towards the resistance range of $4,100-$4,200. If not, you can expect BTC to break downwards towards the $3,200 range. Good luck!

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