Bitcoin | Quick short term update!

#Bitcoin made a good bullish move yesterday but wasn't able to break the resistance at 17400 (200 MA on 4h time frame).

- As long as bitcoin not able to close at least 1h candle above 17200 we should see lower prices.
- I think bitcoin is going to test 16600 support (100 MA on 4h time frame)
- If bulls wasn't able to show a good price action there there is a high probability to break this support and visit 16k.

Trade closed: target reached

Comment:

#Bitcoin perfectly hit our target and we see some stability in micro time frames above this support (the green area).

volume are low and there is a high possibility to break this support and test 16k.

stay safe and make sure to follow good risk management strategy.