A small rally in Bitcoin has gotten traders hopeful, however we feel this is nothing to write home about. We have not even been able to test the relative high at 32.3K. We have barely cleared 31.0K, before meeting strong resistance confirmed by red triangles on the KRI. If we do not see significant momentum follow through, then we are sure to test lower levels at 30.2K, then 28.8K or even 27.9K. If we are able to break through 32K then our next target is 34K.
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