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Analyst warns of a similar pattern, BTC price about to crash hard? – Bitcoin Price News

The last three days have been quite unreal for the bitcoin as its price rose above 30% in the space of a few hours after Chin
The last three days have been quite unreal for the bitcoin as its price rose above 30% in the space of a few hours after Chinese President’s comments.

On Saturday, the price of bitcoin reached above $10,000 before closing at around $9,200. According to a trend analysis on Tradingview, since 2012, there have been five instances when the bitcoin pulled back 50% on its closing from the daily high.

At the time of writing bitcoin is changing hands at $9,557. The sudden pump caught bitcoin investors by surprise as bitcoin broke above all technical barriers in just a space of a few hours. Several analysts had predicted that the price of bitcoin was likely to decline to $6500 in the short term.



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We’ve seen this candle before. Will BITCOIN repeat the pattern? by TradingShot on TradingView.com

It is tough to predict how the current price will unfold, but the next few days would be important for the price of the leading cryptocurrency. Along with bitcoin, the price of the other major cryptocurrencies also surged quite noticeably. The price of ETH, XRP, and EOS broke above their resistance leve

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