Bitcoin (BTC USD) Cryptocurrency Price Chart Signals Key Level Is Near

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Bitcoin’s stayed quiet so far this month, even as inflation prints show up hotter than expected. Chartists are now keying in on technical indicators to see where it could be headed.

The price of Bitcoin is nearing the lower band of its Trading Envelope indicator — which smooths moving averages to map out higher and lower limits — suggesting it’s near a critical inflection point. If the lower level of the band is breached,…


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