BITCOIN continues to show uncertainty from the buyers on the Daily timeframe as higher levels continue to be rejected. We expect to see some short term volatility until traders build a clearer picture. A move through 7430 will not lead to a happy place for buyers as the contraction lower continues off 14000. A push up out of contraction (holding above 7430) will be a positive move from the bulls and may be what is needed to change the tide and drag in more buyers from the sidelines to trend price higher.
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