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Bitcoin and Ethereum: Three-day bearish trend

From financebrokerage.com

The price of Bitcoin continues its three-day bearish trend, and during the Asian session, we saw a drop below the $23,000 support zone yesterday. Additional pressure is created by the fact that the price of Bitcoin has fallen below the MA200 moving average. There is a noticeable increase in fear, which could further increase the pressure on the already vulnerable Bitcoin. Our next bearish target is the $22,000 support level. If he does not provide us with sufficient support, the bitcoin price will probably fall to the previous low of $21,000. For a bullish option, we need a new positive consolidation and to hold ... (full story)

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  • Category: Technical Analysis