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Bitcoin: Bears Push Against Bulls Final Stand
On Saturday, Bitcoin rose for a second day, in our live forex rates from below $13,000, in a failed attempt to break the $15,000 level. Previously, $15K was considered a floor, but it is beginning to emerge as a ceiling, as the 50 dma (green) lays guard, to demonstrate the supply-demand pressure point of that price level.
[Image: picee7a97dbaa31aa120d55ebb73c96604d.png]

After being pushed back to half of yesterday’s gain, it continued to fall today, wiping out gains accrued over the last day and a half. Technically, the cryptocurrency is struggling to remain atop the lower boundary of the symmetrical triangle, the bears' line-in-the-sand. A decisive break below would suggest a reversal. One would be called with a trough, lower than the December 22, $10,718 low.
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Honestly speaking, it is must that we are preparing for all situations of the market. If we ready to face all challenges, then we can always make more. I am grateful to Cryptonewstrends, as they are all-in-1 news site with non-stop news, so that really does a fascinating job!
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