Bitcoin unable to hold the local support zone and now trading below it. The local support is now behaving as a resistance. Bitcoin need to break and hold above $38,500 to get a try to break the $40,000 area again. As long as BTC is above the mid range support of $35,500-$36,000 everything is fine and we see a retest of $40,000-$42,000 area. This is a small pullback after a continuous 2 week rally.
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