Bitcoin Price Crash: Why The Sell-Off?

Bitcoin Price Crash: Why The Sell-Off?

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The bitcoin price chart slammed down like a Stark on a Bolton, today, but readers are being encouraged to take heart from the healthy correction and well-deserved profit-taking. This is the natural behavior of markets, and after a much need pullback greater things lie ahead for the bitcoin price chart and for Bitcoin at large.

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Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitstamp 1-Hour Candle Chart


From the analysis pages of, earlier today:

Price has dropped to the lower end of the support zone (orange) discussed in yesterday’s analysis, and it looks like the sell-off has not yet hit bottom.

If decline continues, then the next lower level of support is

Read more ... source: TheBitcoinNews


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