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Bitcoin Price Technical Analysis (Nov. 13): Indecision and Negative Momentum

AnalysisWhen looking at the chart below, we can see that Bitcoin(BTC)trade is currently trading at $8,792. It can also be observed that the largest cryptocurrency’s price is back into the channel with an upper limit at $8,875 acting as resistance and the lower limit at $8,689 acting as support.Additionally, there

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Bitcoin Price Technical Analysis (Oct. 29): Trending Sideways After the Big Rally

AnalysisWhen looking at the chart below we see that Bitcoin(BTC)trade is currently trading at $9,357. It can also be observed that the largest cryptocurrency has recently broken the resistance of $8,650 with good volume, turning the sentiments positive.But after the uptrend, Bitcoin’s price seems to be entering the channel with

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Bitcoin Price & Technical Analysis: BTC Cannot Help Selling

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisThe US authorities could influence the BTC rateOpera has started supporting the BTCOn W1, the Bitcoin keeps developing a downtrend inside the previous channel. The quotations have neared another target level of 61.8% ($7215.00) Fibo. Upon reaching this level, the

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