BTC/USD short-term target

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
On a 4-hourly chart, after forming a horizontal triangle, which is usually a continuation pattern in a downwards trend, BTC price broke down. On the moment of writing the price holds at a 50% Fibonacci Retracement level and in case of further continuation to the downside the next support might be at around $7000.


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