Bitcoin’s Hurdles Getting Back to $7K

Bitcoin’s Hurdles Getting Back to $7K
фото показано с : bitcoints.com

2018-7-17 00:37

So, while the bulls may feel emboldened by a possible inverse head-and-shoulders breakout, they are cautioned against being too ambitious.
The area between $7,000 – $7,100 hosts more relevant technical hurdles that need to be penetrated in order to prove the bull case.
Interestingly, the 0.236 Fibonacci retracement from May high of $9,900 happens to be in the same area, according to Bitfinex Exchange.
Bitcoin would then likely attack long-term trendline resistance located at $7050, as seen in the chart below.
If the inverse head-and-shoulders pattern takes form, the trendline of resistance would likely be tested in the following hours or days.

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may hurdles need penetrated order technical hosts

may hurdles → Результатов: 4


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