An analyst who predicted the bitcoin mid-May price slide says the cryptocurrency’s current range play is likely to be resolved on the higher side.
“The consolidation phase itself is neutral, but we think a breakout is more likely than a breakdown,” Katie Stockton, founder and managing partner of Fairlead Strategies, said in a research note published on Monday. “Intermediate-term momentum has been improving based on the MACD histogram.”
Bitcoin has been trading between $30,000 and…
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