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14.10.202012:23 Forex Analysis & Reviews: Bitcoin Expected To Increase

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BTC/USD has managed to jump above the black downtrend line signaling further growth. It has decreased a little but you should know that the outlook is bullish as long as Bitcoin stays above the uptrend line.

Only a drop below the uptrend line could invalidate an upside movement. The price has failed to come back to retest the broken downtrend line signaling strong buyers in the short term.

BITCOIN Trading Tips

Buy BTC/USD if the price reaches again the $11,600 level. You can hide your Stop Loss below $10,500 and use as immediate upside targets the 12,061 and 12,474 levels.

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