Bitcoin ($BTCUSD) Seeking Cycle Low
Bitcoin has been turned down at resistance, now moving into a daily cycle low, we can expect price to go lower than 24 April price before forming a swing low and closing above the resistance line. Much lower we can see the 200 DMA tracking the support of the broadening wedge, there is a low probability price will reach a cycle low there but with Bitcoin we trade being open to surprises.
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