Forex Trading Library

Bitcoin Breaks Out of Bullish Flag!

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After punching its way out of a bull flag, Bitcoin has seen a short decline.

The largest cryptocurrency dropped as much as 2.4% since reaching its highest level since June.

Bitcoin absorbed last week’s one-two macro punch of the Fed rate hike and data showing the US fell into a recession.

So, is Bitcoin the new safe haven, or will we see another test at 20k?

BTCUSD 01:55
ETHUSD 03:20

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