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Bitcoin Bulls and Bears In Strong Battle To Gain Control – Who Will Win?

  • Bitcoin found some form of respite from the recent price decline after finding support at the $8,800 level.

  • It was also supported by a rising trend line that has been in play for around 2-months of trading.

Bitcoin has been falling ever since it failed to break above resistance at the $10,000 level earlier during the week. It rolled over and dropped by a total of 8% during the week, causing a bloodbath within the entire cryptocurrency market.

Who Will Win?

It recently found some support around the $8,800 level and is attempting to bounce higher, however, the momentum is certainly within the bullish favour and it is likely that Bitcoin will continue to drop lower.


Bitcoin Price Analysis


BTC/USD – Daily CHART – SHORT TERM

Bitcoin Price Analysis

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