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Bitcoin still in bullish consolidation
The consolidation since early august continues. BTCUSD
Only a move below the rising green trend-line around $545 would indicate that something is wrong with the bull thesis.
But as long as Bitcoin is holding above its 50MA ($592) and especially above its 200EMA ($553) a rally towards the next resistance level around $635 should be just a question of time.
Let´s keep the stop at $495.
BTCUSDOnly a move below the rising green trend-line around $545 would indicate that something is wrong with the bull thesis.
But as long as Bitcoin is holding above its 50MA ($592) and especially above its 200EMA ($553) a rally towards the next resistance level around $635 should be just a question of time.
Let´s keep the stop at $495.
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