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Bitcoin Faces Continued Bearish Pressure, At Key Support

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Since price had a bearish breakout from the bullish channel almost two weeks ago, bearish pressure continues to push Bitcoin lower. Where price traded as low as $7100 this week. Now price has been trading just above the key support for the past few days. Look for price to break key support of the bearish channel or a potential bounce to the upside.

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