Pdunuwila

Bitcoin Tests Demand Zone in Daily Chart

Long
Pdunuwila Updated   
BITSTAMP:BTCUSD   Bitcoin
Potential bounce point. Would want to be long as long as price stays above $9,000.
Comment:
Crazy but despite falling 50% from highs, bitcoin remains above a rising 200 day moving avg making it still in a technical uptrend.
Comment:
1st price target: $12,500-13,000 -- Start to take some profits off the table
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