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Bitcoin Price Forecast: Sellers Back in Charge

From fxempire.com

{video} Following the April 13 decline in Bitcoin, it has been consolidating and testing resistance of the orange 50-Day MA and purple 20-Day MAs. It did so again today, Tuesday, with a high of 64,728 before sellers took back control and dropped it sharply. Prior support around 59,573 looks to be the next target, followed by a test of support at the lower trendline across the bottom of recent consolidating price action. Although bearish signs are becoming more prominent, there is a chance that line stops the decline and remains support for some time. {chart} Bullish Scenario: Bull Wedge, Bull Flag: The bullish ... (full story)

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  • Category: Technical Analysis