Crypto_Moses

Bitcoin hitting resistance but is the correction over?

BITSTAMP:BTCUSD   Bitcoin
Bitcoin had its first major correction off the low from 15k, and high of 31k. The correction from 31k has been really deflating for some, but whever support is found, it's hard not to remember that BTC has pretty epic bull runs. A close above resistance which is represented by the slow moving average price is coming up on would be a huge indicator short term support has been found. This would be huge, as it could provide support to regain the 31k level. Realistically we're right back where we were in Mid March so that would be epic if that is flipped to support. Bears have to make sure resistnace works, or it could get brutal for them.

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