Bitcoin Price Nears $12K After Rising $500 in Minutes - CoinDesk

in #dlike5 years ago

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BTC could ascend to enter opposition at $12,061 in the following couple of hours, as the hourly outline is detailing a symmetrical triangle breakout.

A high-volume break above $12,061 would nullify the bearish lower-highs example and open the ways to the ongoing high of $13,880.

Be that as it may, a break with low volumes could end up being a bull trap, particularly as the week after week outline pointers keep on detailing overbought conditions.

On the drawback, a move beneath $10,769 (July 5 low) would uncover a week ago's low of $9,615.


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