Bitcoin appears to have turned the corner and could continue to gain ground in the near term, Fairlead Strategies said, citing a widely-tracked technical tool called Ichimoku cloud.
"Bitcoin has cleared resistance defined by the daily cloud, and it is likely to confirm its breakout upon today's close," Katie Stockton, founder and managing partner of Fairlead Strategies, told CoinDesk in an email on Wednesday. While bitcoin traded slightly weak on Wednesday, it managed to print a UTC close above the cloud, confirming a bullish trend change. Readmore
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