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BTC/USD - downward pressure is still up
Bitcoin
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BTC/USD - downward pressure is still up
By andrewchungkc
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Feb 1, 2018
2
Feb 1, 2018
The price is heading down due to the strong selling power. A strong resistance zone is formed between ~11607 and 12660.
Expect the price will drop to the supporting level around 6000 and bounce within the channel.
Should wait for any signal for change of the direction before jumping back in.
Trend Analysis
andrewchungkc
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