Traders say $15.5K level ‘crucial’ after Bitcoin price dips below parabola
Bitcoin price dropped below the parabola on the 12-hour timeframe but traders aren't calling for a big correction yet. Over the weekend numerous traders pointed out that Bitcoin (BTC) price broke its parabolic uptrend which had dated back to September. Technical analysts are bracing for a pullback as the dominant cryptocurrency eyes consolidation.Bitcoin could still see a strong recovery after the weekly close if there is a continuation of the rally. But it would need to quickly re-enter the parabola or risk a potential downward correction.Traders pinpoint $15,500 as the key level to....
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