Short

Bitcoin and the battle of two trends

Bitcoin has two trends quickly coming to a cross roads. Which one will win? Look at this chart and truly ask yourself which trend is stronger right now. To me bulls are giving it a go but sadly it still looks like the bears are still in control. Huge bear flag formed and coming up again really strong long term resistance and that pesky resistance of 4200. If we don't break 4200 and close above their before mid March, looks like some more downside to go still and may test 2013 ATH.

moarbtc

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