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Bitcoin bullish trend
added David Grodsky, president. As, bitcoinist reported, volatility amounting to hundreds of dollars becomes immaterial taken within the wider context of Bitcoin price activity in recent months. What do you think about Bitcoins latest price moves? Bitcoin price is gaining bullish momentum above the 4,000 resistance area against the US Dollar.
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Major Support Levels 4,000 followed by 3,980. Bitcoin prices pushed higher this week, continuing the upward trend that they have been following since roughly mid-August. Images courtesy of Shutterstock. Let us know in the comments below! A bearish reversal would be confirmed if prices close today (UTC) below 3,714 (Sundays low). A UTC close below 3,714 today would validate Sundays bearish outside reversal candle and open the doors to levels below 3,400. Market Rebound, when explaining Bitcoin's recent rebound, several analysts pointed to key technical indicators, claiming that the digital currency has been pushing higher since testing key support. A break below the lower edge of the pennant, currently at 3,740, would confirm a breakdown and could be followed by a sell-off to 3,360 (target as per the measured move method). Quick Stats, bitcoin Bull Price.00000138, market Cap? The price climbed above the 4,000 barrier and traded close to the last swing high near 4,050. Fellow analyst and, bitcoinist contributor Filbfilb was additionally eyeing support at 36Fail at that level and we confirm an M top and Bitcoin price will retest.1k, he noted.
Bitcoin bullish trend
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