abdullatrader

Bitcoin Price Analysis (Update)

Long
BITFINEX:BTCUSD   Bitcoin
Hi traders,

Here is a slight update on Bitcoin. As you can see from the chart, we have reached a small supply area, where it will be healthier if Bitcoin started to trade sideways (consolidation mode) for sometime before making any move to the upside. This will help to absorb all the available supply and will make it easier to advance to new highs.

All the best!


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