BTC/USD (17.3k Dollars: Strong Support?)

💎Technical Analysis Summary💎


BITSTAMP: BTCUSD


-Buyers are aggressively bought the dip for the 3rd time
-We can see a Bullish rejection candle at a 17.3k dollar area
-BTC manages to get above the 0.5 Fib level which is a good sign of strength
-I'm expecting Bitcoin to consolidate in the next 24-48 hours
-If we want BTC to continue higher, it must not go below 17.6k to paint a strong consolidation
-But always be careful and have a stop loss in place in case of unexpected movement
-Let us see if the Altcoin market can recover a little during this minor sideways trading





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