MMBTtrader

BTCUSD Price can easily pump if market respect last supports

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BITSTAMP:BTCUSD   Bitcoin
As we said before we expect a range market or even local pump here for bitcoin if the last support zone like 40K remains valid because below this support market can dump hard.

now as we can see price is near local support of 46K$ and if it remains valid we can expect a rise here like green arrows.

Notice: Strong support above 40K$ now is 44K that also mentioned on the chart so that is a good entry point too.

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