Bitcoin had been range bound since it broke $8000 on the 25.09 but having failed to break the resistance level at $8571 it has now gained downward momentum breaking $7500. We now have greater conviction that the prices will head towards $6000 in particular as Facebook is facing regulatory scrutiny regarding it's Libra cryptocurrency project.
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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.