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Bitcoin Price Plunge Imminent as Bears Protect Key Resistance

From newsbtc.com

Bitcoin price attempted a fresh increase above the $43,500 resistance zone. BTC even broke the $43,800 resistance zone but the bears were active near the $44,500 resistance zone. There were a few attempts to gain strength above $44,500, but the bears remained active. A high was formed near $44,483 and the price is now showing a few bearish signs. There was a drop below the $44,000 support zone. The price traded below the 50% Fib retracement level of the upward move from the $42,480 swing low to the $44,483 high. Besides, there was a break below a key bullish trend line with support at $44,000 on the hourly chart of ... (full story)

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  • Category: Technical Analysis