Bitcoin has finished off the week strong, rising to USD8253.68. According to Cointelegraph.com, “Bitcoin bulls will need to see the price maintain its trend above $8,120 to break out of the current downtrend, and a break above $8,550 would lead us towards our next level of resistance on the weekly Bitcoin chart.” Cointelegraph also shared a prediction from the CEO of Euro Pacific Capital, Peter Schiff which stated: “The Bitcoin chart looks horrible. Not only does the flag that followed the recent breakdown project a move to $6K, but we are close to completing the right shoulder of a head and shoulders top, with a $14K head, and neck line just below $8K, that projects a collapse to below $2K!”
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