Dec 21 2020

BTC Price Analysis: After Crashing $2K, Will Bitcoin’s Recent Recovery Hold?

in blog CryptoPotato
original entryBTC Price Analysis: After Crashing $2K, Will Bitcoin’s Recent Recovery Hold?

Bitcoin price has finally started to correct from its parabolic rally to new all-time highs. During the European trading session today, we saw the first hourly candle close beneath the support of the bearish rising wedge pattern (yellow lines), around 09:00 UTC. Rising wedges are classic bearish reversal patterns and typically result in strong corrections. […]

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