Bitcoin Price Crisis - Can We Cross the Safe Range?
The Bitcoin Price has retreated away from yesterday's local high near its two-week upper channel trendline. Trade is seemingly indecisive around its weekly pivot "safety blanket" and the coming European and US sessions should set the direction and thereby clarify the trend. Bitcoin Price Dual Targets. Bitstamp Hourly Chart. The Bitstamp chart shows how trade has fallen below the weekly pivot near $481. A subsequent approach was rejected to the downside, but Asian session traders are pulling price back toward $481, despite the presence of large sell orders placed just above the weekly pivot....
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