Unveiling Crypto Market Insights - Change of Regime for BTC?
Hi market enthusiasts,
we have discussed the importance of trends in many of our educational posts. Today, we’ll put our knowledge to the use and focus on the current price action of Bitcoin.
BTC/USD
Since the low on Aug 5th, Bitcoin has established a pattern of higher local highs and lows, signaling a potential change of regime. Price of BTC increased by +30% from the Aug low and is currently situated below local high set in July. Regardless bitcoin remains range bound trading inside a wide range we discussed in our post about ranges.
When do you expect Bitcoin to reach the upper end of the range?
Do you think the bulls will maintain control and drive the price beyond the current range highs?
Let us know in the comments!
Believe in something
we have discussed the importance of trends in many of our educational posts. Today, we’ll put our knowledge to the use and focus on the current price action of Bitcoin.
BTC/USD
Since the low on Aug 5th, Bitcoin has established a pattern of higher local highs and lows, signaling a potential change of regime. Price of BTC increased by +30% from the Aug low and is currently situated below local high set in July. Regardless bitcoin remains range bound trading inside a wide range we discussed in our post about ranges.
When do you expect Bitcoin to reach the upper end of the range?
Do you think the bulls will maintain control and drive the price beyond the current range highs?
Let us know in the comments!
Believe in something
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This post does not offer personal investment advice or recommendations. Bitstamp accepts no responsibility for any damage or loss from the utilization of the information presented here.
This post does not offer personal investment advice or recommendations. Bitstamp accepts no responsibility for any damage or loss from the utilization of the information presented here.
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