Why $14K looks eerily similar to $700 during the 2016 election

While most investors and traders anticipated massive volatility to occur through the election hours, little has happened. Bitcoin’s price is still relatively stable and hovering under the crucial resistance of $14,000.

At the same time, Bitcoin’s price has been moving in tandem with equity markets over the past 24 hours.

Bitcoin still can’t break the $14,000 resistance

BTC/USD 1-week chart. Source: TradingView

The weekly chart is showing a very healthy setup as the price movements look…


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