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Today bitcoin price broke below long-term (1-day chart) horizontal support at 2300 CNY and $360 (Bitstamp). It appears that downtrend may resume, but an important barrier remains to the downside. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 15h36 UTC BTC-China 1-Hour Chart From the analysis pages of xbt.social, earlier today: Prior analysis, expected price to decline to this level as an extreme low for an ongoing correction to the rally. However, […]
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