After the Bitcoin rally, we’re seeing some correction, so it is time to hold of buying and maybe trade out of Bitcoin until it turns back around again.
It may be that the currency is just correcting and will drop back to $8300 or so before progressing back up – if it behaved like a normal currency pair.
I fancy an entry order for a buy at $8400. Whether it will come back that far I’m not sure but we shall see.
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