For the last 8 hours Bitcoin is retracing. Price already punch through the 23.6% Fibonacci retracement level and seams to, it will break it.
In my previous analysis #11 I discussed about consequences futures trading can bring into Bitcoin trading. One thing is almost certain. Volumes will soar and volatility also. Price could go now wild in both directions.
I will stay close and bring more of my thoughts on line, so stay tuned.
Image sources: Investing.com
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Let steem on, to the bright future!