Price continues to bounce off the 200 Moving Average and the 4/1 , suggesting that the uptrend is likely to continue. First strong resistance is at 76.4% Fibs, that hasn't been yet tested. While the consolidation period might take some time, the uptrend remains valid and Verium is expected to produce a and if resistance is broke could go much higher. Only break and close below 23.6% Fibonacci support at 51k satoshi could invalidate outlook.
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