Bitcoin claimbed above 3400$ ! The H4 chart below shows us a slight correction
after price hits new highs.
Besides the correction, we can see a downside trend which has been broken and a
support area (blue rectangle) which price held quiet well. It is very likely to
see the price reach new highs very soon if it stays above the support
As we mentioned on yesterday's weekly watchlist, eursud might slow its bullish
movement and correct its price in order to new higher highs.
Once the price has broken the trend line we might see a correction of his
However, before it starts drop it might retest once again the trend line to
fall at least 80-90 pips.