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Bitcoin rally to persist?
Bitcoin’s price rallied dramatically last week as it reversed its retreat! The price is above $28,000 currently. Bitcoin breached above the Fibonacci 100 and then went up to breach above Fibonacci 161.8 resistance! The RSI entered the overbought zone...
Bitcoin rebound to persist?
Bitcoin’s price deepened the retreat last week but paired most of its losses! The price is below $22,100 currently. Bitcoin breached the Fibonacci 100 support last week but retraced back above it over the weekend. The RSI dipped into the oversold zon...
Bitcoin poised to retrace down
Bitcoin’s price declined last week and is below $22,500 currently. Bitcoin moved down after consolidating halfway between the Fibonacci 161.8 and Fibonacci 100 level last week. The RSI remains in neutral zone. Bears now are consolidating their contro...
Bitcoin failed to breach Fibonacci 161.8 resistance
Bitcoin’s test of Fibonacci 161.8 resistance ended in failure last week and the price is below $23,500 currently. Bitcoin reflected off the Fibonacci 161.8 resistance and remains in consolidation mode halfway between the Fibonacci 161.8 and Fibonacci...
Bitcoin testing Fibonacci 161.8 resistance
Bitcoin resumed advancing last week and is below $25,200 currently testing Fibonacci 161.8 resistance. The price is in consolidation mode after rebounding from the Fibonacci 100 level. The RSI is in neutral zone. Bulls are struggling to consolidate t...
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