anedjai
Long

BTCUSD to resume its upward trajectory until it doesn't...

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin broke below the rising channel (in pink) and stopped at 9.3k which was an important level based on previous price action. The fundamentals are the same, all the news that came out today doesn't mean anything substantial and traders will realise this very quickly. I expect some resistance at around 10.2k but I think we will break it and we will soon retest the downward log trend in purple.
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