Jul 26, 2019
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Bitcoin (BTC) Could Still Go Back Above $10,000 But Bigger Threats Loom Over

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Bitcoin (BTC) is trading around $400 dollars below $10,000 but it could soon shoot back above $10,000. The real question however is, “How high will it go above $10,000?” To answer that, let us first analyze what has just happened in the past few months. BTC/USD began its parabolic uptrend in December, 2018 which has now come to an end as the price topped out last month just below $14,000. Back then it wasn’t as clear if the top was already in but now it is making a lot more sense. So, the market makers ended up shaking traders to both sides and then the price declined. When the price started to decline, every started to see that this parabolic uptrend cannot go on forever and we are soon to see a sharp move to the downside.

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