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Bitcoin’s Bulls Now Have a Target of $13.2K, Monthly Chart Suggests

From coindesk.com

Bitcoin (BTC) now needs to break above $13,200 to revive the stalled bull market, a key monthly chart pattern suggests. The top cryptocurrency by market value created an “inside bar” pattern in July, with the monthly high and low of $13,200 and $9,049, respectively, falling within June’s trading range of $13,880 to $7,432. An inside bar candle is characterized by a higher low and a lower high than the previous candle, and represents an indecisive market or consolidation in a narrowing price range. A convincing break above the inside bar’s high is widely considered a sign of a bullish breakout. As such, July’s high of ... (full story)

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