Bitcoin regains strength, but still looks fragile

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

CSTrading

Bitcoin regains strength, as we observe two strong bullish waves (1,2) of institutional trading activity. So, we can expect another bullish wave (3), which would probably happen after the local pullback (as we already have an 8-day swing until now). After that, the correction might be completed. For the upcoming week, the main focus is the short-term long.

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