Bitcoin Following Closely in Silver’s Footsteps

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In Brief
  • -Silver has broken out from its $18.50 resistance area and Bitcoin has done the same from $10,400.

  • -A golden cross in the daily time-frame has transpired for both Bitcoin and silver.

  • -The price movement of silver and Bitcoin has been very similar since the beginning of February.

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On July 9, the silver price broke out from a long-term resistance area and has increased by 40% since. On July 27, the Bitcoin (BTC) price broke out from a similar long-term resistance area, increasing by 11% in a single day. Bitcoin Fractal Fun Cryptocurrency trader @BillGK_Crypto outlined a fractal that compares the silver breakout to that of Bitcoin, insinuating that since the price
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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