By CCN: The bitcoin price could attempt a runup towards $6,800 in the near-term, according to one popular stock trading indicator. Bitcoin on the Verge of a Bump-And-Run Reversal? Dubbed a Bump-and-Run Reversal (BARR), the pattern includes three crucial phases before an asset undergoes a full-blown breakout session. $BTC. Literally a textbook BARR bottom. Hint: This means bears are fucked. pic.twitter.com/5ZUMGCXMIt — B.Biddles (@thalamu_) April 14, 2019 First, the “Lead-in” phase sees the asset consolidating sideways under a slightly declined trendline. The next stage is the “Bump” phase, in which the price experiences a sharp decline accompanied by substantial volume.
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