Cryptocurrencies had a mixed week after the crazy volatility of the previous period, as the largest coins settled down following the weekend surge, and traded sideways for a couple of sessions. Although most of the currencies turned lower towards the end of the week, as we expected, the momentum of the decline is weaker, and a bottoming process is likely under way. Bitcoin is trading between the $3500 and $3800 levels this weekend, and after the re-test of the former, the coin is close to providing a buy signal. The currency has a developing base formation near the $3000-$3150 zone, […]
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