Mihai_Iacob

Bitcoin=- 25k is strong floor

Long
BITSTAMP:BTCUSD   Bitcoin
Over the weekend I've written that for a more clear bullish outlook, BTC needs to pass above 27500 zone resistance.
After a small consolidation, the price dropped hard yesterday following Binance CEO problems.
However, looking at the chart, the outlook remains bullish, with the price both above 25k important horizontal support and the ascending trend line started at the beginning of the year.
More, the drop from above 30k started in May is clearly corrective in nature with price overlapping and lacking impulse.
I remain bullish for now with more confirmation for a buy trade coming with the price above 27k


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