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Bitcoin Analysis: Selling to continue?

Previous post concerning what was next for Bitcoin can be found here.

Bitcoin price prediction, Bitcoin forecast

The purpose of this analysis is to provide a quick update on the current Bitcoin price action.

The bullish channel provided in the previous post has been broken to the downside with price reaching a low of 5,558.20. Further downside is anticipated with the width of the channel serving as a highly valuable guide is estimating where downside momentum might be expected to run out.

Besides, the bearish channel provided in blue dotted lines provides another means of monitoring the current downtrend.

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Interested in Cardano analysis (ABDBTC)? Check out our previous work here. Moreover,  Eosio analysis (EOSUSD) can be found here.

3 thoughts on “Bitcoin Analysis: Selling to continue?

  1. […] in Bitcoin analysis (BTCUSD)? Check out our previous  work here. Moreover, Cardano analysis (ABDBTC) can be […]

  2. […] in Bitcoin analysis (BTCUSD)? Check out our previous work here. Moreover,  Litecoin analysis (LTCUSD) can be […]

  3. […] post for Bitcoin can be found here. It was mentioned in the previous post for Bitcoin that the bearish channel (in dotted lines) would […]

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