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Crypto News Today – Ethereum News, Bitcoin News, MasterWorks News – How to Invest in Fine Art
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The price of Bitcoin (BTC) is in a downtrend as sellers attempt to break through $16,000 support and resume selling pressure. The largest cryptocurrency will regain the low of $15,588 once the current support is breached.

If the slide continues, Bitcoin could reach the next support level at $14,100. In other words, the price will bounce where the existing support holds. If the price rises, Bitcoin will reach a high of $17,200. On the plus side, Bitcoin will reach the high of $20,000 if the BTC price overcomes the obstacle of $17,200. The largest cryptocurrency will fall to $14,106 if Bitcoin falls and breaks the existing support. As a result, panic buying and selling among buyers and sellers will occur.

Bitcoin indicator reading
Bitcoin is still in a downtrend at level 31 of the Relative Strength Index for the period 14. The cryptocurrency is in danger of falling even further. Bitcoin will continue to fall as long as the price bars are below the moving average lines. It is in the oversold zone and below level 20 of the daily stochastic, which could attract buyers.
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6 Comments

  1. Solid video and thanks for breaking it down… Despite the economic downturn, I'm happy I've been earning 12,600$ from my 2,000$ investment every 9 days

  2. "A successful man is one who can lay a firm foundation with the bricks others have thrown at him." -David Brinkley

  3. The market cycle actually has not met it balance, we continue onward round around and around while hanging tight for that tremendous victory on a colossal >support yet meanwhile we could constantly disregard the market promising and less promising times and remain completely contributed. Enormous thanks to Rodney Nelson for assisting me with acquiring over 14btc in about a month and a half by carrying out his technique and following his guide<

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