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Bitcoin price chart analysis: established trading range may finally break

From capital.com

Bitcoin could be set to break into a new trading range after weeks of being confined between the $9,000 to $10,000 levels. Bitcoin price chart analysis shows that a bullish breakout above the $9,800 level could see the cryptocurrency testing the $11,500 level. Bitcoin medium-term price trend Bitcoin experienced more volatility last week, following a rally towards the $9,800 area, and then a sudden reversal to the $8,800 level. The record amount of Bitcoin option expirations last week also left traders unsure as to in which direction the pioneer cryptocurrency will trade. A break from the $8,700 to $9,800 price range ... (full story)

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  • Category: Technical Analysis