Mihai_Iacob

Bitcoin- New leg down is more and more probable

Corto
BITSTAMP:BTCUSD   Bitcoin
Two days ago I said that if Bitcoin could manage to break above 31k resistance it can continue its rise towards important 36k zone resistance.
However, as all can see, these days is lack of interest when it comes to Btc and the crypto market in general and Btc couldnțt find power to break above.
Technically speaking, we are still in range but the odds are in favor of a break down at this time.
In such of instance, 25k low is exposed, but I wouldn t be surprised if we will have a new low under.
That being said, I will look to sell rallies around 31k with a daily close above 31.5k negating this scenario.

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