Bitcoin (BTCUSD) Testing 2 Month Plus Descending Triangle Resistance

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Bitcoin (BTCUSD) continued consolidating this past week just above the psychologically key 10k whole figure level, and appears to be near completion of a descending triangle (on the daily and weekly chart). The daily and weekly chart triangle can be described as being a part of a bull flag about to resume higher, with any resumption of the bull market since the November low likely coinciding with Ripple (XRPUSD) and Ethereum (ETHUSD) reclaiming (after breaking a month back) major prior supports at 0.3 and 200 respectively...Click here for the rest of today's technical and fundamental analysis on Bitcoin, Ethereum and Ripple.

Bitcoin (BTCUSD) Weekly/Daily
BTCUSD (Bitcoin) Weekly Technical Analysis
BTCUSD (Bitcoin) Daily Technical Analysis

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Crypto Weekly Outlook

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