Bitcoin / TetherUS

Bitcoin Analysis

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Bitcoin is still in an accumulation phase building higher lows. Yesterday Bitcoin tested resistance for the fourth time. Usually high volume is necessary to break these levels. Due to low volume on weekends it is difficult to gain this level. Therefore we could see another higher low forming an ascending triangle in order to test an break the strong resistance. TPs can be found in the area of the 0.618 fib and the monthly levels.

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