Bitcoin Analyse

Technical analysis Bitcoin Price of $ 10,800 is possible

By MrBitcoin | Crypto Money | 19 Jul 2020


Price of $ 10,800 is possible.

Bitcoin is nearing the end of a triangle, which means the price can go up or down in the thousands.

 

Bitcoin is moving smaller and smaller.

The price has moved without a clear trend since May, but that could change soon. The Bitcoin price almost reaches the end of a triangle. After such a long period of sideways movement, the price is expected to make a big move.

The triangle is shown in the following graphic. Each candle represents four hours.

56047107bf93abb8c345e0e2c1fcb9fb32eecab7c0e958d406b3f80e90b69581.png

 

The graph below shows that the target is to rise at $ 10,840 ($ 9,518) and decrease at $ 7,540 ($ 6,621). We've enlarged the chart so you can see it's a big move. Each candle now represents one day.

26e363d34445cf43038514b24fc872af446b6e9f31f9c9f24d6babccab123815.png

 

it remains interesting.
the price will go up or down.

 

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