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Bitcoin: A new old history leads the forecast

From fxstreet.com

The BTC/USD is in a period of technical agony, trapped between multiple technical hurdles. Since late June, when the BTC/USD pair set the relative maximum at $13,000, the Bitcoin has been sliding down a medium-term bearish channel. The current scenario is a small-sized replica of the situation seen by the BTC/USD pair from the late 2017 highs to the December 2018 lows. On this occasion, the break was on the rising side. Short-term volatility and ATR levels are at higher levels than one might expect, which keeps away the chance of a violent break. If it does occur, it will not have its origin in a price ... (full story)

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  • Category: Technical Analysis