Robinhood buy bitcoin - Bitcoin: How To Trade BTC In The Weeks Ahead (January 2020)

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Bitcoin: How To Trade BTC In The Weeks Ahead (January 2020)

Bitcoin crashed hard recently when it declined from $9.2k to $8.4k in an aggressive manner after testing the top of the rising wedge it had been trading in. Now, the price of Bitcoin (BTC) has been at the top of the rising wedge before but the reason we didn’t see a crash like this is because it had not tested the 200-day moving average yet. Now that it has done that, we can expect BTC/USD to decline lower in the weeks ahead. However, be mindful that the market makers and whales would try their best to trap as many retail bulls as possible before the next halving.

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