BTCUSD on the 1D time-frame

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

ThemasterFxIdea

Bitcoin / USD may fall to 33000 – 36000

Our preference
Short positions below 41500 with targets at 36000 & 33000 in extension.

Alternative scenario
Above 41500 look for further upside with 45000 & 48000 as targets.

Comment
The RSI lacks upward momentum. Also, the price has broken below a bullish channel lower boundary.

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