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The Bitcoin price has been trading inside a descending wedge since July 1 but it isn’t bullish until BTC breaks out above $10.
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Bitcoin crashed to $9,064 after failing to breach $10,000, the psychological resistance the bulls are trying to break for.
The ETH/BTC pair is currently trading at the price level of 0.0251. The price spiked to $0.0256 on Monday amid strong ETH.
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Bitcoin remains in good shape to retest $10K while a BTC price pullback to as low as $7Ks may provide a good opportunity for.