Otradehouse

Bitcoin short term upside

BITSTAMP:BTCUSD   Bitcoin
Price tried retesting lows of original drop (around $30k), but never actually reached there. Instead it’s rebounding slowly, and looks like we should see further rebound. 200 day MA is minimum price target (currently around $42k), but can go as far as retesting neck if the H&S formation (low 50s K). I am not sure how long this rebound will take, but after that I’m expecting drop back to $20k range.
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