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Hassansalari

Bitcoin - Symmetrical Triangle

Bitcoin (BITSTAMP:BTCUSD)  
Hassansalari Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Bitcoin (Cryptocurrency) Cryptocurrency Technical Analysis BTCUSD Symmetrical Triangle
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trendanalysis chartpattern bitcoin cryptocurrency technicalanalysis btcusd symmetricaltriangle
Bitcoin forms a Symmetrical Triangle. There are 2 scenario prices for the future.

Scenario 1: Downward breakout causes the price of Bitcoin to fall to around $20,000.
Scenario 2: Upward breakout will push the price up to the $50,000 range.
Comment:
Bitcoin has broken the triangle pattern from the bottom. We will probably have a reaction in the 30,000 price range.
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