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Taylor1920
Apr 25, 2019 2:45 PM

UPDATE ON BITCOIN PRICE CORRECTION Short

Bitcoin / DollarBitfinex

Description

So yesterday I wrote how bitcoin is going to fall, this is just showing some support lines

If you look at Bitcoin on the one day charts we can see the MA 200 providing support at 4570. If bitcoin has a falling candle that closes below the MA 200 then a fall down the the MA 100 is plausible. That line will help provide support at 4200. A fall below the MA 100 isn't likely but not impossible. From then we would see a consolidation in price as people are getting ready for the next rally that would start the next bitcoin bull run.


if you agree with my prediction leave a like

if you disagree or want to talk about something leave a comment below
Comments
vibrate
Previous long term support has been the weekly 200MA. I could see it retesting this at some point. This is what happened in 2015.
Taylor1920
@vibrate, well considering the price drop we just had I don't see this being far fetched
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