As mentioned on our last analysis since Bitcoin has dropped below $8572 we expect the expect the cryptocurrency to drop further towards the next support level a $6536. Additionally, there has been downside pressure due to the People's Bank of China announcing a clampdown on Bitcoin trading in China.
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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.