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❕NEWS Price analysis for bitcoin and ethereum 8/31/20

microunit

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Bitcoin just moved out of the 11.5k price average zone. If bitcoin can float around the 12.1k to 12.5k average zone then its next target would be the 14k and 15k price marks. if it can't it might remain in the 11k marks. If it drops below the 11k mark it might stay at 10.5k average price range.

Ethereum lately had a strong rise which moved it from the $400 price range to $415 price range. If it can rise above $445 then its nextprice objective will be 475$ and after that 545$. But if it sinks down it might sink down to $366 price range.
 
Welp, for several hours Bitcoin has break past through 12,000 USD barrier only to crash below 12k line again. The resistance is quite strong.
 
It might probably still take a lot more time for bitcoin to actually break through the 12k resistance, the cycle is still there where if it nears 12k most people sells, might need more in the investing side
 
Yeah, hopefully bitcoin can breaks that line soon enough since more and more people are adopting crypto and even several government institutions have embraced it too.
 
Yeah, hopefully bitcoin can breaks that line soon enough since more and more people are adopting crypto and even several government institutions have embraced it too.
not sure if more governments will adopt cryptocurrency that fast as most governments are quite tunnel visioned with cryptocurrencies
 

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