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christian-lanz

BTC/Crypto Market Prediction for calendar week 21-22

Bitcoin (BITSTAMP:BTCUSD)  
christian-lanz Updated   
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Fibonacci Trend Lines BTC crypto cryptomarket
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supportandresistance fibonacci trendline btc crypto cryptomarket
Bitcoin is currently forming a descending wedge and approaching the lower part of it. I think Bitcoin/the whole crypto market will keep moving side-ways at around 7k (300b marketcap) for the next week.
Comment:
Approaching the triangle support at around 7k.
Comment:
Beautiful bounce right off the support line. Looks like a bullish engulfing candle is forming.
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