Bitcoin: Buy on dips

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Bitcoin Daily chart


Bitcoin is moving in a triangle pattern as it can be seen in the above chart. Currently the crypto currency is facing the resistance of the upper trend line and it is moving down to test the support of the pattern.

Wave theory suggest that, this is the last leg of triangle pattern which can move down near till 9600-9500 levels and then a prices can advance back.

As of now it can dip slightly in this week near till 9600-9500 levels but the overall trend is positive.

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