We still see Bitcoin moving lower towards $6000 whilst it hasn't passed through the key resistance level at $8571. The cryptocurrency has been range bound since it broke $8000 on the the 25.09 and volume has been relatively low in particular since the June rally so we expect further downward pressure on prices at this stage.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.