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[BTC] Bitcoin – Price Analysis BTC/USD - 19/10/2018
Technically, we are net bullish on BTC and this is all thanks to the superb gains above the main resistance trend line registered on Oct 15. At some point, Bitcoin prices printed above $7,600. This not only triggered bulls at our main resistance zone between $6,800 and $7,200 on the upper hand but the volume behind this hinted of a well-padded bullish move.
Therefore, despite the re-adjustment of price and the formation of an inverted hammer thanks to bear pressure in lower time frames, we expect Bitcoin bulls to trade in the direction of the bear break out ramping up on dips with sure stops at around $6,200 and $6,400, which is the upper limit of our support zone.
This is just a fragment of the Bitcoin analysis, if you want to see it in full visit the following link:
https://www.crypto-economy.net/en/btc-bitcoin-price-analysis-btc-usd-in-accumulation-as-bulls-ready-for-8000/?fbclid=IwAR0T_EoX8AwE9A-gZKWPK3vBXbddKhjPKVSE7qFi8BT8b9oAPXz5qYaEdhQ
