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Bitcoin Price Trend Overwhelmingly Negative, Bears Target $13K

1 min read Original Link

The 50% Fib retracement level of the recent drop from the $16,795 swing high to $15,470 low. The next major resistance is near the $16,400 level. The price must clear the trend line resistance and then $16,400 to start a decent increase. The next major resistance is near $16,500, above which the price could gain pace for a move toward the $17,000 zone. (newsbtc)

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