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#Post#: 111--------------------------------------------------
Bitcoin Price Analysis: BTC Facing The 2019 Critical Resistance
Line – Can The Parabolic Move Contin
By: diuk Date: September 5, 2019, 6:05 am
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Since our previous analysis, Bitcoin had succeeded in breaking
up the 50-days moving average zone, straight into our next
mentioned support area at $10,800, along with the crucial
descending trend-line (marked with yellow on the following daily
chart).
From there, we saw Bitcoin taking a break to recalculate its
next destination: Whether it’s finally going to break up the
tend-line started forming at the end of June, when Bitcoin
reached the 2019 high of $13,880, or whether this line will
produce another roof for the cryptocurrency’s price.
This is the bigger picture, and the chances are equal in my
opinion. Some indicators are pointing up while some other –
down. What is for sure is since the Bitcoin dominance had broken
above 70% (for the first time since March 2017), the altcoins
seem more like a falling-knife than projects competing with
Bitcoin.
More in this:
HTML https://cryptopotato.com/bitcoin-price-analysis-btc-facing-the-2019-critical-resistance-line-can-the-parabolic-move-continue/
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