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BTC/USD: Same Resistance Area

From dailyforex.com

Bitcoin is continuing to struggle with the idea of going higher, and it is worth noting that although we tried to rally early on Thursday, things have turned around, and it looks like the $92,500 level continues to be a bit of a barrier and a potential magnet for price at the same time. Bitcoin has recently sold off quite drastically, and I think this is something that you need to be cognizant of because on these bounces, although they may be strong and pick up a few thousand dollars pretty quickly, we still have a long way to go before the trend changes. We are in the midst of potentially forming a bit of a double ... (full story)

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  • Category: Technical Analysis