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Bitcoin Price Approaching $4,100, but Don’t Get Excited Yet, Analyst Warns

The new year has kicked off on the right foot for Bitcoin investors. The currency has continued with its rally, gaining $375 since the year turned. In the past 24 hours, the currency has gained 6.5 percent, finally hitting the $4,000 level again. The last time Bitcoin hit this level was December 25, after which it went down all the way to $3,650. The fightback is certainly noteworthy, but according to some analysts, it’s not yet time to pop the champagne.

Source: Bitcoin Price Approaching $4,100, but Don’t Get Excited Yet, Analyst Warns – NullTX

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Crash: Bitcoin And The Stock Market On The Brink – Clem Chambers

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I’ve been writing about how bitcoin has been in an increasingly tight range and how when it breaks out it should run in that direction a long way. It’s trader thinking. This coiled spring compression has got downright silly in recent weeks with the usually volatile bitcoin trading in an ultra-tight range. This tight trading range seemed very contrived to me and suggested something was up. According to my thinking this should be the start of a very significant fall. That is my “speculation………….

Read more: https://www.forbes.com/sites/investor/2018/11/15/crash-bitcoin-and-the-stock-market-on-the-brink/#42f19e1437b8

 

 

 

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