BTC is currrently tracing a consolidation triangle that will likely break higher pushing BTC towards the $9000 range likely peaking this current parabolic move at around $9500 before any significant correction.
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We can see here how the price touched the parabolic trendline and reacted with strong bullish action.
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Pattern failed, parabolic trendline broken and a huge dump followed as can be seen in this updated chart. 7600s support level was very significant now it will become strong resistance.
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