Recently we saw bitcoin reverse in to a bearish trend (at resistance at about $4400) and the trend reversed once it reached the previous support of approximately $3900. I'm expecting bitcoin to test this previous support level of $3900 once more and either continue the bullish trend if it bounces up from there. Or we can possibly see a bearish trend if the price dips below the support of $3900, in that case bitcoin would then test the next support level down. Confirmation of the trend is required before making any trades.
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