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BTC/USD: Plunged Again on Friday
The Bitcoin market has fallen pretty significantly during the trading session on Friday, as we have also sliced below the 200 Day EMA. All things being equal, this is a market that will more likely than not continue to be very noisy, and the fact that we continue to see a lot of “risk off” behavior around the world, it makes a certain amount of sense that Bitcoin will be susceptible to selloffs.Regardless, it’s probably worth noting the Bitcoin is essentially in a range at the moment, with the $90,000 level above being a significant barrier, which also has the 50 Day EMA sitting just below there. If we can ... (full story)
