dennisdaiber
Long

BTC/USD falling wedge fullfilled

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin broke out of the falling wedge and went up 10%, fulfilling the pattern’s prophecy. Moreover, it has crossed the 200-day moving average and at the moment of writing is at $9,000 price point. Fibonacci Retracement suggests that the closest target is at $9,270, which seems quite possible. This is the level where BTC was trading for days, in the previous bull run attempt above 200 daily.

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