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Bitcoin Could Test Yearly Highs If $8,200 Level Broken, Trader Says

From forbes.com

This year is almost halfway over, and bitcoin is looking back on an exciting year in the price category. It rose from the doldrums, all the way up to arguable exuberance and parabolic action. Lately, bitcoin's price has seen a bit of ranging activity as the market looks indecisive on further uptrend momentum, according to opinions and analysis from crypto podcaster and trader Brian Krogsgard, also known on Twitter as LedgerStatus. "We're basically trying to see if we are going to just keep consolidating at this higher level and push for a new leg up, or if it's truly a topping pattern," Krogsgard told me in a podcast ... (full story)

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  • Category: Fundamental Analysis