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April 07, 2018, 07:06:13 PM |
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Looking like a bull trap, if Bitcoin does not go above 7,200 for a while this might be Bitcoin's last time to be in the 7,000$ level. Right now in the 30 minute chart Bitcoin is forming a Head and Shoulder pattern and we are now in the right shoulder. Breaking about the 7,200$ is key in order to make the H&S invalid. 7,200$ is crucial as not breaking it this time might make BTC go down more than 6,500$ this time.
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