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In the last 4-5 weeks we have been able to see how the price of Bitcoin has grown by over 40%, at the same time it confirmed the uptrend and closed the second highest monthly candle in Bitcoin history.
Will Bitcoin Price Meet the Last Great Resistance Soon?
In December 2017, when the all-time high was reached, the price of Bitcoin formed a resistance, which is ± $ 16,100 – $ 17,100, this would also be the last major and significant resistance that Bitcoin must break in order to break. to drive ATH at ± $ 20,000 and form a new ATH from there.
ABC sequence over Bitcoin with the aim of resistance
The Bitcoin course has created an ABC sequence in the past few weeks and also triggered it, currently it is just short of the target range (± $ 15,600 – $ 17,000), which harmonizes with the resistance at ± $ 16,100 – $ 17,100.
As soon as the target has been achieved, the Bitcoin price may correct a bit. Normally we would target the GoldenPocket, which would be ± $ 11,500. However, the GoldenPocket hasn’t really shown its commitment in the past few days once it hits a goal. The reason for this may be the already existing running of the bulls. However, you should be prepared for a correction that will likely not continue to the GoldenPocket, but perhaps to the last resistance at ± $ 13,800 to test and confirm the new support.
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Also, please note our disclaimer.
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