Bitcoin: Should We Be Worried? No.
Bitcoin - Short Term - We look to Buy at 40039 (stop at 38787.0)
Previous support located at 40000. The bias is still for higher levels and we look for any dips to be limited. We are trading at oversold extremes. Further upside is expected although we prefer to set longs at our bespoke support levels at 40000, resulting in improved risk/reward. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 45162 and 51000
Resistance: 44000 / 45000 / 48000
Support: 41000 / 40000 / 38000
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