Bitcoin Analysis for 2020-01-31 [Premium Analysis]

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The Bitcoin price has broken out above a short-term ascending triangle. The breakout was short-lived and the price has been decreasing since reaching a high of $9,550. Bitcoin Price Highlights The Bitcoin price broke out from an ascending triangle. The RSI predicts a downturn. It may be in the fifth, and final wave, of an Elliott formation. There is resistance at $9,600 and
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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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