Bitcoin Price Suffers Event Driven Decline - Now What?
Earlier this morning we published our technical analysis piece highlighting the downside momentum we saw in the bitcoin price overnight, and suggesting two potential conflicting biases that could play out as the day matured. Soon after the analysis was released, however, a couple of fundamental factors took control of price action, and weighed heavily on the BTCUSD throughout the European morning session. As we are heading into the start of the US afternoon session, how should we interpret this decline in the bitcoin price, and is it possible to draw profit from such volatile action? Let's....
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