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📈 BTC/USD remains in uptrend in the 4-hour chart | 27-05-2020

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@cryptospa
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Hello, dear members of LeoFinance! LeoFinance!

Bitcoin has been able to retake the psychological level of $9,000 per one digital coin today after some period of high price volatility (At the time of writing, one Bitcoin costs $9,170.35).

Interestingly enough, in the 4-hour time frame (4H), the chart of BTC/USD has been able to remain within an «Ascending channel» during the period of high volatility and it still continues to fluctuate in the upward direction:

Although, at the moment BTC/USD is close to the lower line of the «Ascending channel», it would be really nice if the price of Bitcoin bounces off that line and resumes the uptrend.

Fellow LeoFinancier, do you think that Bitcoin will be able to resume the uptrend in the 4-hour time frame (within the «Ascending channel»)?


A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 14 years, and as a cryptocurrency analyst for the last almost 3 years.


Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.


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