Bitcoin Could Go Up But Not For Long − 稼げる投資系口コミ情報サイト【Trade Center】

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Bitcoin Could Go Up But Not For Long

Bitcoin (BTC) is struggling to stay above $9,700 on the last day of the month. It keeps on testing the 38.2% fib extension level. So far, it has failed to break past it and has already faced a rejection which was followed by a retracement. The price will not have to break decisively either above or below it. The odds of BTC/USD declining to the bottom of the falling wedge to mid $8,000s are higher than the odds of it shooting towards $10,800 from here. If the price does end up shooting up from here without falling to $8,500 it is still likely to be stopped out at the 50 day EMA or the 21 day EMA. The price therefore has better odds of a successful breakout with more strength if it ends up completing the correction first before it breaks out of the falling wedge.

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