2017 resistance level is not out of the equation. I've been facing many critics online who believe Bitcoin is the equivalent to physical Gold and Silver. In Reality Bitcoin is a foreign Exchange transaction engineered for Non U.S Citezens to acquire USD. This is not a decentralized Asset, Basic Technical analysis will tell you Trading Volume Precedes Price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.