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Bitcoin Price Holds Long-Term Support

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Bitcoin cost fell by $440 (Bitstamp) and has subsequently pushed behind above this initial decrease aim level. The marketplace has found support though today’s retracement lacks bounce.

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Bitcoin Price Analysis

Time of analysis: 14h00 UTC

Bitstamp 4-Hour Candle Chart


From a research pages of, progressing today:

A high thoroughness of bearish signals occurred during a opening of a 4-hour candle forked out by a magenta arrow, and non-stop a high-leverage trade as cost declined fast to next a aim of $440.

An critical condition for entrance was that a 4-hour candle both non-stop and sealed next a 200MA (red). Subsequently, MACD (panel above price) forsaken next a reduce Bollinger Band (while next a MACD vigilance line) and smaller timeframes gave similar, assenting sell signals.

Price reacted to a absolute support line in a form

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