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BTC/USD: Faces $120K Ceiling
Bitcoin has been very back and forth during the trading session here on Thursday as we continue to watch the 120,000 level very closely. This is an area that is a large, round, psychologically significant figure that people will be watching very closely due to not only the big figure and the headlines, but the fact that we ended up forming a massive shooting star there earlier in the week. What this tells me is the market is likely to continue to see a lot of resistance and trouble in that area. And once we break above the shooting star from Monday, I think Bitcoin flies. That being said, at this point in time, we ... (full story)
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