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Bitcoin Triangle Analysis

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Bitcoin / TetherUS (BINANCE:BTCUSDT)  
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BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Wave Analysis Contains image
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Bitcoin Triangle Analysis

The above chart of Bitcoin laid out the symmetric triangle pattern . A symmetric triangle pattern is formed by two converging trendlines . In this pattern the upper trendline of the triangle connects the highs. Lower trendline of the triangle connects the lows.

Currently, Bitcoin is in the range of $16680. If the pattern continues, the price of Bitcoin might reach the resistance levels of $17180 If the trend reverses, then the price of XMR may fall to $16400


Commentaire:
Triangle Breakout : Downside
snapshot

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