On March 3rd we made a huge jump up out of a previous pitchfork (purple and blue) we were stuck in driving the price of Bitcoin over $700! It seems that the market did not have the momentum to continue with this upward thrust. We have been consolidating int he 700 -660 range for the past few days. Now however it looks like we are entering a short term down fall. We are bumping of an old trend line form December 5th (red line). If we break through this trend line (and I think we will) we can fall to ~600 easily. We may continue to fall after that but I expect at least a bounce ~600.
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See the chart on my Trading view profile for more up close and interactive info.
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