Wednesday, October 18, 2017
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Bitcoin Price Buckles Under Selling Pressure

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Bitcoin cost sole off after descending next a allege channel trendline. The decrease is during several stages of growth in opposite sell charts. Potential targets wait reduce in a chart.

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Bitcoin Price Analysis

Time of analysis: 14h00 UTC

Bitstamp 1-Day Chart


From a research pages of, progressing today:

A demeanour during a past 5 weeks’ cost movement in a 1-hour Bitstamp chart.

Price, once again, unsuccessful to say position above a top Fibonacci fan line (drawn from a Jan 2015 low) . In a USD sell charts cost has found support during a 1-hour 200MA, though in a CNY exchanges cost had depressed next this poignant relocating average, and has not climbed behind to it.

It is, therefore, expected that cost will aim a turn of a 1-day 20MA (annotated with a blue

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