MMBTtrader

BTCUSD is still in range zone wait for breakout and pump|dump

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BITSTAMP:BTCUSD   Bitcoin
As we can see price is still in the range zone that is the blue zone on the chart and 52K$ resistance and 46K$ support bounded price for a while and soon after breakout here we can expect sharp movement for the price.

if the price respect local support of 46K$ we can expect a rise here like green arrows on the chart.

The last support for the price here is a 40K$ support zone and only if that support breaks we can expect a bearish market once again.

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