chestephens1

BTCUSD forming bearish trend with higher lows @5175.44

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COINBASE:BTCUSD   Bitcoin
First off I'd like to say congratulations to BTC for finally reaching 5k (again)! The overall trend of bitcoin is in a bullish market but I am noticing some consolidation beginning/will form in the upcoming hours. Once BTC hits the peak of 5299 it will slowly begin to retrace back to 5175 {APRIL 6th Price action}. It will fight with the bulls to turn the overall trend bearish. it shall retract to 5069 before seeing another uptrend form. Be aware this is a slight bearish trend not a head over heels bearish trend. BTC will still maintain an overall bullish out look this is just a set up for the 6k breakout!!
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