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BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
FLAG = Impulse + Correction

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After a significant drop in Bitcoin price , the price is in a correction wave.

What makes the chart interesting today is that:

. Bitcoin is likely to challenge the 18042 ~ 18227 resistance area .
. A break above 18227 could push the pair to the 19487 area .
. A resistance rejection , however could lead to another retest of the lower supports.

Will the Bitcoin see a rejection from the resistance area or an upside breakout?

No one knows it! We have to wait and see!

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