FX_Crypto_Trader

Is BTC Bearish?

Long
BITSTAMP:BTCUSD   Bitcoin
Good evening all, back on Bitcoin today as we have seen some impulsive movement of late. Is Bitcoin bearish? Well it certainly looks like it could be, we have broken trend and made a lower low, if price make's a lower high next then it may look to be a short/medium term bearish move possibly. But where will it retrace to? I would like to see it find support at 54K by the trend line. At least this gives us opportunity to buy cheaper before the next bull push. Let me know your thoughts below. GLIYF

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