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Bitcoin Price Analysis: Bears and Bulls Fight In Consolidation Range

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Over the last 4 days, Bitcoin price has been consolidating within a $1,000 range clearly forming an asymmetrical triangle. Price action is squeezing, resulting in the range becoming tighter as market price nears the end of the triangle. A clear breakout or breakdown will present a great trade opportunity in the coming days.


Bitcoin Price 4 Hour Analysis

BTC 4hour analysis

On the 4 Hour chart, we can see an asymmetrical triangle has formed as a result of the most recent pull-back to $9,600 from the yearly high around $13,900. Price action range is becoming increasingly narrower as price levels near towards the ...

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