Mihai_Iacob

Bitcoin- Another break, another low?

Short
BITSTAMP:BTCUSD   Bitcoin
After reaching a local low of around 53.500, Bitcoin has started to consolidate again in a tight range and 55.500 zone offers resistance now.
I expect a break under this newly formed support sooner rather than later, and a new local low for BtcUsd.
As I said multiple times in the past days, only Btc above 60k can give bulls some hope and my recommendation for speculators is to sell rallies

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