dennisdaiber
Short

BTC/USD weekly - Next Support

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin experienced a 43% correction since June 24, after the latest 344% bull run. It is currently trapped in between 20 and 100-day moving averages on a weekly chart. 100-day MA stands strong and supports the price to fall further for 4 weeks now. If BTC breaks below that level, we will see a massive dump all the way till $6700. This is also a price point where the major volume kicks in.
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