Bitcoin- two important levels for bulls
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
After the strong reversal and the break back above 40k, Bitcoin has reached 45k resistance and slightly started to roll back down.
At this moment this can be just a correction and as long as 40k is intact, bulls are in control.
Another important level for bulls is 42k support
On the other hand, if 40k falls, 34k is exposed again, but more importantly, the pattern made by BTC this year is a rectangle that can lead to continuation to the downside.
I will remain bullish for now with the upmentioned reserves.
