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Technical Analysis
XtreamForex Daily Technical Analysis
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[QUOTE="xtreamforex26, post: 186725, member: 59158"] [HEADING=2][B]Technical Analysis of Bitcoin[/B][/HEADING] [HEADING=2][B]Bitcoin Price Liftoff at the level of $28,000 [/B][/HEADING] The bitcoin seems the uptrend that will follow the uptrend again with the various extreme losses that will test the level at $11,800 Moreover, the BTC/USD is traded at the level of $11,200 before going to resume the uptrend. Notwithstanding, he is certain that the leader's digital currency will take off to the level at $28,000. In addition, the gracefully ready to move will undoubtedly decrease as foundations and governments will straightforwardly buy Bitcoin from miners. The bitcoin is trading at the level of $11,430 after the recovery of the dip that dragged to the level at $11,200 on Friday. If we have a look at the daily chart the formation of the symmetrical triangle pattern breakout to $12,000. Bitcoin's present moment and medium-term bullish viewpoint is stressed by the Relative Strength Index (RSI) 's recuperation from the midline. Quite, trading above $11,800 may call for more purchase orders, making Bitcoin's volume to hop above $12,000. The BTC/USD pair was previously closed at the level volume by $1,232. Support Level:11437.3,11433.7,11426.3 Resistance Level: 11448.2, 11455.5, 11459.1 [URL deleted] [/QUOTE]
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