Bitcoin- No power at all
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Two days ago I have written that Bitcoin could correct to the 35k zone, where we can see a clear horizontal resistance on our chart.
However, looking closely at price action in the past 48 hours is pretty clear that buyers have no power at all and a touch of that resistance has become less and less probable.
In my opinion, from a speculator’s point of view, at this moment, is safer to sell rallies and expect a new drop and retest of 25k recent low.
