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In conclusion, despite some minor price surges in certain cryptocurrencies, for most of the week, level. The RSI is currently hovering near 62, suggesting that bears has found support at this.
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Explication blockchain | XRP, the sixth-largest cryptocurrency by market cap, has also been downward in the past few days, with bulls and bears fighting for control. Bitcoin price analysis shows that BTC has been trading in a bearish trend in the start of the week, with some bullish momentum seen at the start of the week. Price trends develop in five stages, according to the theory, of which waves 1, 3, and 5 are "impulse waves" representing the main trend. Looking further ahead, Thielen forecasted further upside for bitcoin based on Elliott Wave theory, a technical analysis that assumes that prices move in repetitive wave patterns. Read more about. Register Now. |
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