phoenixTraders2020

BTC still in long term bullish Channel

BITSTAMP:BTCUSD   Bitcoin
In the last 20 days 2 times tried to touch the down border, but again backed to the road. Based on the Coinbase news, gained the new record and again tried to exit the uptrend. Assumed that it could back to 60K again but from that point, depends on the news, will face a sharp momentum to take a new record, or will face a sharp drop below 60K. Due to the dollar weakness for last couple of weeks, we might face a new wave that could lead BTC to down trend for mid time period.

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