Mihai_Iacob

Bitcoin can rise to 40k zone, but don't get too excited

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As I said yesterday, after finding strong bids under 34k, Bitcoin has started to rebound and now we are in a correction is underway.
At the time of writing, the price is 37400, just under a short-term resistance.
A break up to this resistance looks very likely and this can lead to further gains to the important 40k resistance.
Although I'm bullish on crypto and BTC in short term, I expect more losses after this correction.

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