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Wednesday

25 November 2020

TA: Bitcoin Prints Bullish Pattern, Why Close Above $18.2K Could Be Game Changer

TA: Bitcoin Prints Bullish Pattern, Why Close Above $18.2K Could Be Game Changer


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There was also a break above the $17,800 level and bitcoin price settled well above the 100 hourly simple moving average.

More importantly, there was a break above a major bearish trend line with resistance near $17,800 on the hourly chart of the BTC/USD pair.

A successful break above the $18,030 level could lead the price towards the $18,200 resistance.

To start a strong rally, the price must settle nicely above the $18,200 resistance level.

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