Hi,
Bitcoin, is in the cross roads. It bouce from 50 MA to the down side. Volume, is super low. If bulls can push price past the 50 MA, we can se a a rally to $11xx in 2 to 3 weeks. Or we can go down, to strong suport $72xx, if it brake thru in my opinion the last strong suport is $64xx. If that brakes, panic will set in and BTC can go freefall to $48xx.
It can go either way.
So use stop loss if it starts falling do 48xx level.
Have a nice day!
Bitcoin, is in the cross roads. It bouce from 50 MA to the down side. Volume, is super low. If bulls can push price past the 50 MA, we can se a a rally to $11xx in 2 to 3 weeks. Or we can go down, to strong suport $72xx, if it brake thru in my opinion the last strong suport is $64xx. If that brakes, panic will set in and BTC can go freefall to $48xx.
It can go either way.
So use stop loss if it starts falling do 48xx level.
Have a nice day!
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