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The Price of Bitcoin Is Still Rising
There is still a lot of erratic activity in the bitcoin market, mostly on the upside. Perhaps a lot of noisy behavior as we go closer to the latest all-time high. However, in this market, it's a really typical occurrence as volatility is some of the allure of trading it. Either way, caution is certainly warranted in this environment.We will keep examining this area of significant resistance—basically, the all-time highs—as Bitcoin rises. Thus, while we haven't yet broken out, we are on the right track. As I mentioned yesterday, I believe we are in a fight and would really like to see this thing back off. The ... (full story)