Bitcoin Looking Weak…
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Bitcoin has found resistance at $30K and given up entirely, finding comfort in the $29K’s. The price action is rounding off, suggesting another dump may be in store for us. We have good support at $28.8K, then $27.9K if that breaks. Then there is a vacuum zone down to $25K, the relative low from the previous dump. If we are somehow able to gain momentum, then $30K will likely provide prohibitive resistance, then we will have more from $32K, then $34K which should be considered a ceiling for now.
