BlackwellGlobal

The Bitcoin Magnet and the Cloud

BITFINEX:BTCUSD   Bitcoin
Posting a 33% rise during the month of April, Bitcoin's renewed vigour appears to be attributed to a wave of positive PR. The magnet effect of the $9000 level also seems to have driven a rise in volatility and volumes during the period. Is this price rise another false signal? According to the Ichimoku chart pattern a possible dark cloud has formed with the price looking to test a new support level. Trading Forex / CFDs is High Risk.

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