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Bitcoin Price Faces Rejection, Why BTC Could Resume Its Downtrend

1 min read Original Link

Bitcoin price attempted a recovery wave from the $15,500 support zone. BTC climbed above the $16,000 and $16,500 resistance levels. The next major support is near the $16,130 zone or the 50% Fib retracement level of the recent increase from the $15,470 swing low to the $16,791 high, below which the price might gain bearish momentum. In the stated case, the price might drop toward the $15,500 support zone. (newsbtc)

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