I think BTCUSD did not manage to break the December 9 peak, and price retreated to the $ 3400 level, where it is trading right now. The logical question right now, whether this movement signals about the price turnaround or it is just a "dead cat jump"… To prove the first version we will want to see bitcoin holding above $ 3400. Come-back below $ 3400 will return the bearish tendency and $ 3000 - $ 3300 support zone to testing.
what do u think about it?
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Smart guy - Agree mostly with your analysis (I think it will hold over $3400 on this one)...but this post is about voodoo chicken magic wishes. I'm going to take your statement as you want it to stay about $3400..Your wish is granted! Voodoo chicken magic is being applied:
-lets see if it works and the price is still high in the morning :)