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Bitcoin (BTC/USD) Chart Analysis Says This…

Bitcoin (BTC/USD) is trading in a classic triangle pattern. This means it will either have a massive breakout or breakdown. Based on digestion of the recent move and institutional accumulation, odds strongly favor upside. A breakout begins when Bitcoin moves above $10,600. Once that is taken out, look for upside back to $14,000 (1st resistance). Ultimately, $20,000 and above is likely.

 

As a trader, it is always important to look at the risk as well. Should Bitcoin close below get below $9,500 again, there is downside to $7,500. Join Master Trader Gareth Soloway in Verified Investing Alerts for all his Bitcoin and crypto trades. They are verified and he gives you his exact entry/exit prices, stops and targets. His track record speaks for itself. See it here.