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theCrypster
May 8, 2020 5:30 PM

BTC Trapped - Where's Next? $9500 or $10,200 

Bitcoin / U. S. DollarKraken

Description

Being caught in a range isn't always a bad thing, especially when you can trade top to bottom and back again!

Bitcoin looks like it'll be caught between $9500 and $10,200 for another couple of days, with a breakout indicating a move of at least a few hundred more dollars in the given direction. Get your Long order in at the low end of this range, ready to take profit at either $10,000 or $10,200 - depending upon your own sentiment and analysis.

With the famed Bitcoin halving in just over 3 days, we should be caught ranging up to 12 or 24 hours before the halving event, a pop upward would indicate at least $10,500, breaking above this would be the start of the Bull Run 2020.

Don't say we didn't tell you!

Good Luck & Happy Trading!
theCrypster
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