OptimoomFX

Bitcoin- Bulls need 55.500-56k zone intact

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Yesterday I was wondering if Bitcoin has resumed its bull trend and so for, from my point of view, things are not clear.
The rally started at 53k stopped in 59k resistance zone and now Bitcoin is in a pullback.
If this is a correction for 53k-59k rally remains to be seen, but as long as the price is under the recent low we can't call for a resumption to the uptrend.
On the other hand, if bulls fail in holding 55.500-56k zone intact, we can have a continuation to the downside and I doubt the recent support will hold this time.
I'm out from any crypto trade at this moment and waiting for clarification




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