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RE: Bitcoin (BTC) Morning Update: This Wedge Has Breached

in #bitcoin7 years ago

The last resistance point is now at the 10,000 level. Basically a magnet for price. Any stall in price may see it fall to this level, before being bought up heavily. This would be the ideal situation for an upmove...a failure to move below the 10,000 level is very significant.

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I guess the $10k is widely seen as an important psychological level. However, the recent dip below it could have provided the low point for the Right Shoulder pattern.