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Bitcoin Comes Back to Life – Temporary Blip or Start of a New Rally?
Is history repeating itself, or is Bitcoin set to re-stake it’s claim on the bullish trend that went to sleep late last year? From the monthly chart, Bitcoin is working on a morning star formation following a grinding test at the 65k level over the past two months. There’s still time until this confirms, of course, but the tonality change is clear as the brutal five-month-sell off met indecision last month, followed by a rally so far in April. Last week saw buyers press a fresh high but so far they haven’t been able to continue the move. From the weekly, we can see that price is currently at a massive spot on ... (full story)
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