We still see Bitcoin moving lower despite it being relatively stable recently as long as it doesn't break and consolidated above the key resistance level at $8571. Below this level we still see Bitcoin dropping towards $6536 in particular as it's doesn't appear to be as correlated to safe haven assets such as gold and the yen as it was earlier in the year.
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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.