Bitcoin break above 13300 zone can trigger another strong pump

in zzan •  4 years ago 

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Bitcoin update

In previous post we have mentioned that its a must for bulls to hold bitcoin in 13k area to keep it bullish. Bulls have did it very nicely and price created decent sideways consolidation in this area which definitely looks bullish.
Weekly close is great as well, previous week has highest close since 22 January 2018.

Current consolidation could be repeating fractal which has happened a year ago (second screenshot). First stage of that fractal was a strong pump, second was a 4 days consolidation, and third one was another strong pump. So if bitcoin is going to follow this fractal then price should be in stage of purple ellipse at the moment, price should go up slowly and a break above 13300 zone can trigger another strong pump.

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