Bitcoin Chart Analysis (10/7/17)

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Looks like the bulls have come back to town! This morning, Bitcoin broke its symmetrical triangle, upwards, to a daily high of $4262. If we can return and break through this level, I see BTC shooting up to $4500-$4600 very quicky.

Currently, It looks like we have formed support around the $4420 mark.

If we take a look at the 5 minutes time frame, we can see another symmetrical triangle has formed. Within the next 2 hours, we should see a breakout!

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Bitcoin Chart Analysis (10/7/17) | Ecency