CryptoWolfsTrust

Bitcoin is still under strong resistance

BITFINEX:BTCUSD   Bitcoin
#BTC
Bitcoin is still under strong resistance, it is extremely difficult to determine the unambiguous scenario at the moment: the market has a good potential to break the downtrend and step higher, but at the same time, a breakdown of support will most likely send the price down. The protracted lateral course of recent months is getting closer to its logical conclusion, the asset is ready to demonstrate a strong movement in the coming days. To be able to positively consider the further scenario, we need to strengthen at least above 6850.

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