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CoinChartist
Jul 25, 2019 11:42 AM

Bitcoin Parabolic Support Line Broken, To Confirm As Resistance Short

Bitcoin / United States DollarCoinbase

Description

Bitcoin has yet to experience the true correction following its parabolic rally. It needs to confirm the parabolic support line as resistance. Once it does, it is rejected fiercely with potential downside targets at: $8000, $7,200, and $5,800.

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