Bitcoin price will see breakout ‘during this week’ says trader with $38K target
Michaël van de Poppe believes that upside is in store for BTC/USD in the coming days despite nervousness about Grayscale. Bitcoin (BTC) closed beneath a key moving average for the eighth week in a row this weekend, but one analyst is betting on an imminent breakout.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin balances breakout with Grayscale worriesData from Cointelegraph Markets Pro and TradingView tracked Bitcoin as it reversed weekend gains on Monday after a disappointing weekly close.The largest cryptocurrency had maintained its familiar trading range with $33,000....
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Today's action in the bitcoin price has - once again - brought with it some surprising momentum. We started off the day down and expected to get some sort of correction. In light of this expectation, we teed up our key levels and put our breakout strategy to work. Action has now matured throughout the day, and as we head into a fresh Asian session this evening, what are we looking at, and where will we look to get in and out of the markets if the volatility continues? Further, what did today's action bring us as far as getting into a live trade was concerned? Take a quick look at the....