Bitcoin update: This market has been going no where since the dramatic price spike 8 days ago. What can we learn from this price action? For one, this market is NOT weak. For those who do not know, weak markets do not linger near resistance areas, they reject them quickly. Now that price is floating through the bearish resistance line, it is a matter of time (or catalyst) to spark the next move higher which is in position to reach what price?
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