A crypto venture capitalist warns that “once momentum tips,” market participants could be in for a surprise and there will be “some murder wicks” on the charts.
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Bitcoin is seeing a reduction in selling pressure from large investors as its price continues to hold above $67,000.
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The Gann Fanns model and an emerging Inverse Head and Shoulders pattern are top of mind for traders to see if Bitcoin can “bounce” above its all-time high.
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