Where is bitcoin price heading?
Bitcoin has remained relatively uneventful over the past few weeks, seeing mostly range-bound activity. Let’s see what the charts possibly imply about bitcoin’s price action.
1-day chart
Image Courtesy: Tradingview.com
Bitcoin’s daily candle chart (Bitmex) appears to show a local double top for the current bounce from the $3,200 range. (A double top shows price’s inability to break the same resistance zone on two separate occasions at the asset’s price peak.)
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