Bitcoin lower as expected
|Bitcoin
Bitcoin lower as expected & holding below 6370/50 targets 6050/6000, 5920 & the crash low of 5800/5780. I doubt this will hold on the next test.
We are severely oversold but this does not mean much in a bear market. HOWEVER we will watch carefully for a buy signal. Until then gains are likely to be limited with first resistance at 6365 then 6500/20 more of a challenge. If we continue higher look for a selling opportunity at 6670/6700, with stops above 6800.
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