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Bitcoin Price Analysis: Bitcoin Finally Makes A Move

From bitcoinist.com

As Bitcoin (BTC) closes out the week and moves towards the end of October, we take a look at what’s going on with price action in what has been an anticlimactic month. Bitcoin had been firmly locked in a single trading range for over two weeks, with lows of $6450 and highs of $6490. This morning, we finally broke out of this range with the bears taking us back to $6200, from where the original break to the upside occurred, completing another so-called ‘Bart’ style reversal. This reversal, although finally breaking a two-week consolidation, is a modest drop back to retest support from which price quickly bounced ... (full story)

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  • Category: Technical Analysis