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Bitcoin Rejects 'Bull Trap'
The Bitcoin rally turned out to be a fakeout, as we stressed here in these reports. Hopefully, no reader got caught in the 'bull trap' as we've done our best to warn you. This range has continued and there is nothing to indicate a proper bull rally in crypto on the horizon. Until then its range trading, unless a serious bid comes through in stocks, perhaps. We've given up 30K again, immediately seeking comfort in the 
29K's. We are hovering just above our level at 28.8K, with 27.9K sure to hold just below that if needed. The 30K's remain a barrier with 30.2K and 
31K likely targets if we do catch a rally, with 32.3K a hard upper bound.
29K's. We are hovering just above our level at 28.8K, with 27.9K sure to hold just below that if needed. The 30K's remain a barrier with 30.2K and 31K likely targets if we do catch a rally, with 32.3K a hard upper bound.
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