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Bitcoin analysis: Important info. to keep in mind.

Previous post for Bitcoin can be found here. It was mentioned in the previous post for Bitcoin that the bearish channel (in dotted lines) would be indispensable in monitoring the current bearish price swing.

The 6 hour time frame chart presented in this Bitcoin analysis does show price action consolidating at the bottom of the bear channel at ~4457.50. Further selling could result in Bitcoin targeting between 3600 and 3000 for support.

Bitcoin chart analysis, Bitcoin chart, Bitcoin forecast

Price action successfully testing the bottom of the channel on the other hand could result in resumption of bullish momentum, even if temporarily. Possible target for demand to run out is the upper boundary of the bearish channel at ~6000.

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Interested in Litecoin analysis (LTCUSD)? Check out our previous work here. Moreover,  GBPCHF analysis (FX) can be found here.

4 thoughts on “Bitcoin analysis: Important info. to keep in mind.

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

  3. […] in Bitcoin analysis (BTCUSD)? Check out our previous work here. Moreover,  GBPCHF analysis (FX) can be […]

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