dennisdaiber
Long

BTC/USD bullish trend

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is making its way bouncing between support and resistance within an upwards trending wedge . At the moment of writing it is supported by a 50% Fibonacci Retracement level. BTC remains above EMA Ribbon and Lucid SAR indicators, showing that we are still in a strongly established bull trend. However, in case bitcoin price breaks below the support line, we might see a bigger correction below $10,000.

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