Bitcoin Price Meets A Watershed
Bitcoin price is drawing sideways above $410. With plenty of volume – both on the buy and the sell side – we can expect that the market will soon choose a direction. Clear support and resistance close to the area of price will give an early indication of trend. Interesting price action that has drawn sideways for 24 hours and now attempts to push higher toward resistance. It could be that a complex correction is developing, that could seek to target the long-term resistance ceiling (grey). Alternatively, we might see price reverse at the dark blue trendline, directly above price action,....
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