BTC healthy but still not out of the woods

21 במרץ 2018

As BTC has shown a little bit of growth recently, we still cannot determine whether we are out of the woods or not. There is a huge resistance on the 200 MA line which we are nearing and it will be crucial to pierce it. Otherwise we could see this is a D wave of the ABCDE correction and could see the price go lower to the E point at around 7000$ mark.