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Assessment: What’s up with the bulls?!?! For months they have been pushing prices up and whenever key levels were tested they came rushing in. Yesterday was the first time that did not happen and it was a glaring absence!
People have asked why I haven’t posted a recent chart of Bitcoin. Fear not! Here is an updated pivot chart for Bitcoin. The reason I have not covered it since July (which is when I posted the chart with the ellipses and pivots the last time) is look at price. It’s done nothing but basically traded between $30K and $29K. As the saying goes though, the longer something moves sideways, the sharper the move when it finally breaks out. So, it’s something to keep an eye on!
Good luck in your trades!