RATE Group | Bitcoin launch platform between $6,250 and $5,500
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Bitcoin launch platform between $6,250 and $5,500

02 Dec Bitcoin launch platform between $6,250 and $5,500

Posted at 11:01h in Bitcoin News by

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  • It is very likely that the beginning of the next decade will be defined in the last days of the current one.
  • Top cryptos show technical indicators turning upwards despite prevailing weakness.
  • It is strongly recommended to use protection stops due to the large potential falls of the current moment.

 

This week is the first of the last month of this decade is being painted gray for cryptocurrencies, according to a broad consensus of analysts.

And precisely because of the dates, I consider it appropriate to carry out a test of what could happen to the BTC/USD pair in the remainder of the decade and the beginning of what could be new “Roaring Twenties.”

The price

The wide-angle analysis allows us to detect a guiding trend line that begins at the end of May 2016 and which has served as a reference in the phases of price correction after historical highs.

This trend line would cross with the price of the BTC/USD pair at around $6,250 (blue dotted lines) and…

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