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Bitcoin analysis: Live update

The 4 hour time frame of Bitcoin is displayed in this analysis with price action from June 24, 2018 to current date.

Bitcoin forecast, Bitcoin prediction

The overall sideways price action is captured with a symmetrical triangle chart pattern.

The implication of the chart pattern above is a balance between supply and demand for Bitcoin. ~$6,880.80 and $6,132.10 mark price levels that indicate possible exits from the chart pattern with the former indicating resumption of bullish momentum, and the latter bearish.

Width of the triangle is highly valuable in projection of price after a successful exit from the triangle.

Interested in Litecoin (LTCUSD)? Check out our previous analysis here. Moreover,  EURJPY (FX) analysis can be found here.

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2 thoughts on “Bitcoin analysis: Live update

  1. […] in Bitcoin (BTCUSD)? Check out our previous analysis here. Moreover,  EURJPY (FX) analysis can be […]

  2. […] in Bitcoin (BTCUSD)? Check out our previous analysis here. Moreover,  EURJPY (FX) analysis can be […]

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