Bitcoin Analysis for 2019-11-04 [Premium]

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After breaking out from a descending wedge on Oct 26, the price of Bitcoin has decreased to touch a previous resistance line. It is trading inside a short-term horizontal channel and an ascending triangle. The bullish divergence in the RSI inside a bullish pattern makes it likely that it will break out from the triangle and head towards the resistance line at $9800. Bitcoin Price

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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