Bitcoin- buy or sell?

  • by

After breaking above 11k resistance, BtcUsd had a fabulous run with the price increasing almost 90% in one month and reaching all-time high zone.
A quick fall followed and now the price is correcting this fall.
Although I m bullish on the long term, I think that a new leg of correction will fallow and this can drive the price to around 14k support.
At the time of writing Bitcoin is trading under 18k which is a good sell zone from the technical point of view and a sell trade here can have at least 1:2 R:R.