The Bitcoin course began to make very timid and very weak attempts to break the “falling wedge” pattern. Price is trying to find the bottom in an area of very important support. Her breakthrough could push the currency under $ 7,000. The short-term outlook is neutral, but with a bearish bias.
Bitcoin: Key Points
Bitcoin out of the pattern
Since November 27, the Bitcoin exchange rate has been traded inside.“wedge” model. After the price reached support for the Fibo level of 0.5 at around $ 7,200, it began to rise and eventually went beyond the wedge pattern.
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