mwinmill

The little engine that could

BITSTAMP:BTCUSD   Bitcoin
Bitcoin has seen a very impressive rally the last few days. While most people were calling for lower prices, Bitcoin has been roaring back. However, for this to be a sustained rally, Bitcoin needs to do a little more consolidating. Going straight up is fun but it's not sustainable. A little breather here before a push for a higher high would be best if it's going to stay above the previous high. The curved line represents the current trend. Break that line, the short term party is over for now.

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