Bitcoin Daily Chart For 081119 As of this writing, Bitcoin (BTC) is trading at around $8,765. It was previously trading in a tight range from the $9,100 – $9,500 areas. In previous writing, we mentioned a new trading range that looked to range from $8,800 – $11,000. Although we are not far from the recent breakout, that range has not come to fruition. Instead, we see the tighter $9,100 – $9,500 range playing out. It...
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Bitcoin Daily Chart from February 2019 to October 28th 2019 We mentioned in a previous post from the end of September, Bitcoin needed to break through the $8,500-$8,800 range to escape a small horizontal (yellow rectangle) trading channel and a larger descending (green line) trading channel. Over the weekend, Bitcoin did just that. As we can see from the above chart, Bitcoin has broken through these trading ranges and has entered a...
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Bitcoin Daily Chart 300919 As of this writing, Bitcoin is trading at just under $8,300. It showed some signs of volatility as it trader near $9,700 just hours earlier. There does seem to be decent volume coming in so far as buyers bought the dip. This action seems to confirm a possible new trading range that is similar to a range built in May/June of this year. That range would be $8,500 – $7,500 (yellow box). In addition, the...
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