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BTC/USD: Selling Pressure Builds Near $112K
I’m a buyer of Bitcoin at $15,000 level, with a stop loss at $13,000, and a target of $119,850 Bitcoin fell on Thursday to reach toward the $112,000 level, an area that has been important more than once, as resistance previously. If we were to break down below there, then we could go to the $110,000 level, which is a large, round, psychologically significant figure, and an area that I think a lot of interest would be found. That being said, this is a market that suddenly finds itself in trouble, and a lot of risk appetite out there seems to be in the midst of being destroyed, which is absolutely toxic for Bitcoin. ... (full story)
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