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Is Bitcoin 5000 Coming?
After nine days of hardly any movement, BTC finally decided to spurt to the upside with some volume. Looking at the daily chart, you can see the trend line resistance near 4000. It's only day two in this move off of that flatline action, so there's a high probability that the trendline will be broken. If that happens, it opens up a move to the 200-day moving average, which is currently near 5200 and dropping. I will stay bullish if a break over 4000 can hold.
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