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Bitcoin and Ethereum Flash Sell Signals, Stalling Next Bull Cycle

From cryptobriefing.com

Bitcoin and Ethereum have been trading sideways for the past few months. Now, different technical patterns suggest they are bound for a bearish impulse before resuming their respective uptrends. Bitcoin Holds Above Key Support Level Bitcoin has been consolidating within a narrow range for the past two months without providing any clear signs of where it is headed. Since early May, its price has mostly traded between the 50% and 38.2% Fibonacci retracement levels that sit at $8,900 and $10,000, respectively. Due to the significance of these support and resistance levels, breaking out of this zone will be the catalyst ... (full story)

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  • Category: Technical Analysis