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Bitcoin: BTC Correction Above For Now? (November 2019)

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Bitcoin: BTC Correction Above For Now? (November 2019)

Bitcoin has inflicted some severe suffering on the bulls in the previous handful of months. Because past Friday, 547.5 million shorts have now been liquidated and a large amount additional could possibly yet be liquidated. The bulls have been drawing development lines on their charts hoping for the value to rally at just about every issue but it is a extremely unsafe game to be hoping and wishing in this current market. We have now observed that the modern correction has just about appear to completion. The BTC/USD chart shows that the value has declined down to the sixty one.eight% fib extension level. It would be extremely surprising for the value to drop straight away from this level in the days ahead without having some form of a bullish reversal small term.

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