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Bitcoin, Ether and Ripple; Updated Price Charts and Outlook
After a few days of trading within a narrow range, the latest Bitcoin chart may see the largest cryptocurrency by market capitalization test $10,000 of more, but an upcoming resistance zone needs to be broken to confirm higher prices. BTC currently trades at the top-side of an ascending triangle and above the 78.6% Fibonacci resistance level ($8,523) and a breakout would see the digital coin target the $9,300 - $9,900 resistance zone. IG Client Sentiment data show 68.1% of traders are net-long with the ratio of traders long to short Bitcoin at 2.13 to 1. The number of traders net-long is 2.7% higher than yesterday ... (full story)