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The key to break though $6,350 within a ten-day-sideway
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The key to break though $6,350 within a ten-day-sideway
BTC has its strong backlash of buying at the bottom of the range, which was formed on March 23.
There is a possibility that it will go beyond $6350 in the very middle of the range from $5800 to $6900.
It is assummed that it will go over the top of the range. If so, the price will touch down the supply line, where the price dump occured, beyond the short-term trend line.
Should the current rise ends within the now-on position and diverges from $5,800 at the lowest , a new supply line for $4,850 should be confirmed again.
The 200-week moving average, which rises slightly, is at around $5,580.
[Weekly price pattern]
Weekly price pattern has its form of a Contracting triangle.
Bull Run will go with the sign of breaking through the top of the declining convergence.
The key to break though $6,350 within a ten-day-sideway
BTC has its strong backlash of buying at the bottom of the range, which was formed on March 23.
There is a possibility that it will go beyond $6350 in the very middle of the range from $5800 to $6900.
It is assummed that it will go over the top of the range. If so, the price will touch down the supply line, where the price dump occured, beyond the short-term trend line.
Should the current rise ends within the now-on position and diverges from $5,800 at the lowest , a new supply line for $4,850 should be confirmed again.
The 200-week moving average, which rises slightly, is at around $5,580.
[Weekly price pattern]
Weekly price pattern has its form of a Contracting triangle.
Bull Run will go with the sign of breaking through the top of the declining convergence.
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