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Great article! There are huge levels of uncertainty within the market, alongside low levels of volume, it is continuing to force the price of Bitcoin lower. A healthy trend will always have areas where it pulls back, normally around the major zones of support/resistance and this exactly what price is developing right now. A downtrend has formed creating lower highs and lower lows which has forced investors/traders to short the market and send price lower. I believe price will continue to rise to roughly the $8,000 area before we see this downtrend continue.
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Great article! There are huge levels of uncertainty within the market, alongside low levels of volume, it is continuing to force the price of Bitcoin lower. A healthy trend will always have areas where it pulls back, normally around the major zones of support/resistance and this exactly what price is developing right now. A downtrend has formed creating lower highs and lower lows which has forced investors/traders to short the market and send price lower. I believe price will continue to rise to roughly the $8,000 area before we see this downtrend continue.
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