Bitcoin Price Prediction: BTC crucial technical pattern could soon bolster the price to $64,000

Bitcoin trades in a rectangle pattern ahead of a potentially massive breakout. The short-term analysis validates BTC’s range trading based on the MACD. A break below the 100 SMA and the 200 SMA on the four-hour chart may culminate in massive losses toward $50,000. Bitcoin has for over a week now been stuck under $60,000.

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Author: toutiao