Where is bitcoin heading

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Downtrend is nearing to its final stages,
We could fall to 5500 -5600 levels then a rally to 7200-7300 levels is possible.

There is strong resistance at 7100-7200 levels and it wont be broken easily

Using Pitch fork we can see that there strong support is in 3000-4000 area and markets will stabilize in those ranges and accumulation will happen for a 6-9 months


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