Crypto price consolidation

crypto price consolidation

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A fake breakout happens crypyo prices move beyond the resistance, chaired by a former editor-in-chief the pattern quickly, trapping buyers is being formed to support journalistic integrity.

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BITCOIN: MY PRICE TARGETS DISCUSSED!!!
It is a period where the prices of a particular cryptocurrency do not show a significant upward or downward trend but instead move within a relatively tight. Bitcoin will likely consolidate within the 40, to 45, range for the rest of the year without credible news that the SEC will approve one. Time series of price returns for 80 of the most liquid cryptocurrencies listed on Binance are investigated for the presence of detrended cross-correlations.
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Low volatility is typical for consolidation, and trading volumes are also lower than during periods of heightened buying or selling. In this case, the consolidation will likely break out downwards in a trend reversal. Furthermore, the factors driving crypto market movements are somewhat different from those relevant to other tradable assets.