Bitcoin Facing Resistance, But For How Long?

Although BTC rejecting the strong resistance at $5880, yet, it does not have enough momentum to go much lower and still trading around $5600. At the moment probability for a resistance breakout remains higher than a correction down, but consolidation could be extended further.

Selling BTC might not be the best choice, holding could prove to be more profitable at this time. Also, fixing some profit and buying on the $5880 could be an alternative way of investing.

In either case, no signals of a trend reversal or strong correction.



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