Bitcoin Price Buckles Under Selling Pressure

Bitcoin Price Buckles Under Selling Pressure

Bitcoin price sold off after falling below its advance channel trendline. The decline is at various stages of development in different exchange charts. Potential targets await lower in the chart. Bitcoin price is correcting the prior advance, or may be in full-blown decline. In the bullish camp, yesterday’s analysis chart illustrated how bitcoin price typically returns to its 1-day 20MA prior to unfolding a main wave of advance. For now it appears that such a reversion to 20MA support at $400 is underway. In the bearish camp: let’s hope that price does not break below $400 (Bitstamp) and....

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