Bitcoin Price Movement For May 08, 2020

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On the 4-hour chart, Bitcoin is now in the Liquidity Void Area. The price looks to be willing to reach the Monthly BUY Stop Order Liquidity Pool at $10,440.80. From the technical viewpoint, this condition has been already confirmed by the CCI (30). So, the price has been already moving above the 100 level. This scenario will be canceled if Bitcoin retraces downwards below $8,969.35.

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