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Topic: Bitcoin current range: $25K to $32K - page 4. (Read 340 times)

legendary
Activity: 1722
Merit: 2213
October 20, 2023, 08:48:05 AM
#1
Bitcoin price has been in a range between $25K and $32K since March 2023, which is 7 months as posting. Hopefully that's something we can all agree on!

When do you think price will break-out of this range (see poll above)? What direction do you think price will break-out in (up or down)?



Personally I have my own opinions expressed elsewhere that we'll remain within the range until the end of the year, or at least another two months similar to the 9-month range of $15K to $25K.

Bears were confident that $25K would break as support twice over and were wrong. Bulls were confident that $32K would break as resistance and were wrong. Likely the bulls will be wrong again.

Also think it'll be to the upside after breaking the long-term structure of moving from support to resistance, such as holding support around $28K after a re-test of resistance, sometime in Q1 2024.

Also well aware we could break-out any day now and this topic & poll will be irrelevant, in which case will lock the topic & poll, but otherwise still think we have some time left within the range.
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