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Technical Analysis
Daily Market Analysis By FXOpen
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[QUOTE="Resolve, post: 193485, member: 29339"] [B]BTC and XRP – Looking bullish[/B] [IMG]https://i.postimg.cc/Kzwr5Nc6/btc-xrp.jpg[/IMG] [B]BTC/USD[/B] The price of Bitcoin has been on the rise since the 25th of March when it fell to $50,420 level. From there a recovery of 17.38% was measured to its highest point so far at $59,236. Currently, it is being traded slightly lower but is still on an upward trajectory. [IMG]https://i.postimg.cc/sXv4S8zP/btcusd-1h-4.png[/IMG] The low on the 25th was the end of the corrective stage in which the price was since the 13th of March and as the third wave ended we have seen the start of the next impulsive move to the upside. As its first wave looks like it has already developed now we could be already seeing the start of 3rd sub-wave from the five-wave impulse. The price would be now expected to continue moving upward above its last all-time high and potential somewhere around $68,000-$72,000 zone. It is still soon to project the ending point so we are going to watch closely how the price action develops and reevaluate our projection accordingly. There could be a possibility that we are seeing an even higher degree impulse wave, increasing the room for growth. [B]Read Full on FXOpen Company Blog...[/B] [/QUOTE]
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