Bitcoin could see $37.5K weekend dip before 'bigger move' next week — new report
Time's up for low volatility in the coming days, Decentrader believes, with Bitcoin due to present a more decisive trajectory. Bitcoin (BTC) is set for a “bigger move” as soon as next week, fresh analysis says as volatility faces a breakout situation.In its latest market update, trading suite Decentrader told readers that the time would soon come to “pull the trigger” with liquidity as BTC price action goes up or down.Analyst on BTC: "The bigger move is coming"Bitcoin has been making lower highs and higher lows throughout this week as a descending wedge on lower timeframes sees volatility....
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Here's a look at what we are focusing on in the bitcoin price this evening. Well, there we go, another week of trading the bitcoin price nearly over. As we said this morning, it’s been a great week for our breakout strategy. When tings move like they have done this week, it’s difficult not to profit from the volatility. All we needed to do was set up our key levels and wait. That’s all we ever really do, but sometimes (when price action is choppy, for example) it doesn’t work out as simple as that. Anyway, we’ve got a US afternoon session to go before the weekend kicks off, and we’re going....
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At the end of last week, we published a piece highlighting the day's action in the bitcoin price, and offering up our suggestions for likely future action as we headed into the weekend. As well as a short synopsis of what we saw so far, we presented our readers with a few key levels to keep an eye on - key levels around which, with any luck, action would offer clues into where the bitcoin price was headed. Action has now matured over the weekend, and many of our forecast levels have been hit. So, with this said, what will we be watching as we head into a fresh week of trading? Take a quick....