cryptomagic987

Bulls moved it up, so what is next?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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The bullish rally was strong and easily predicted due to good buying conditions. Normally, we would expect a minor correction that forms a bullflag and moves up higher, but the last time this happened with low volume , the momentum was lost and selling became an easier win.

Period of high uncertainty! If the rally fails to fully materialise and produce further momentum, a sharp drop in price could be on the cards.

Proceed with extreme caution!