The short-term correction that has been dominating the major coins is still intact, although the relatively low volatility and the ongoing rotation between the currencies suggest that the rising trend is not in danger. Bitcoin is hovering around the $4200 level today, as the most valuable coin, exited the short-term trend and entered a trading range between $4150 and $4400 after the sharp post-crash advance. BTC is still 40% above the lows of the deep correction, and with the long-term picture being constructive we expect the advance to continue after the consolidation. Further support is found at $4000, $3800, and $3500 […]
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