JK_Market_Recap

Strong Support near $52k. Until then still bearish bias

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BITSTAMP:BTCUSD   比特幣
Confluence of Support:

Flag pole downside target around $52k.

Bottom of parallel channel we should bounce as we have done recently at the bottom of the channel

200 Day moving average around $50k so near the 52K

That said we still have strong bearish momentum. Price is expected to down to $52k.


At that price target we might flip bullish.

Are you bullish or bearish near 52K?


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