Bitcoin Stalling For Now

Last post: May 30th 2019. See chart.

Review: Price was looking strong after breaking above resistance.

Update: Price has since pulled back to the daily 50 simple moving average and is now trading back above the $10,000 round number.

Conclusion: Price appears to be in consolidation so we want to see a break above the previous high to confirm a bullish trend.

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Sublime Trading