MMBTtrader

BTCUSD stop pumping near 200MA resistance what is next?

BITSTAMP:BTCUSD   Bitcoin
As we said in the previous analysis (long position from 37K support) 200MA is local resistance here and stop the price:

Now if this resistance remains valid we may have local fall here to the support zones that are mentioned on the chart and only if this resistance breaks we are looking for targets like 51K and 60K.

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