I see the price going up a little bit due to the upcoming news, if it breaks the EMA 200 period line it could be used as new support and we can expect new beginnings for the price to move up. Not easy thought, there are many resistances to break before that, I will be checking it daily so stay tuned for my long term analysis on BTC.
Any commentary is well received, thank you!
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This unpredictable price downfall is due to the recent news in South Korea regarding the major exchanges not passing the security and privacy requirements, otherwise, the price should be going on as predicted or at least maintaining it's support around $10.500
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Anyways as we can see, it is standing well in the 61% Fibonacci support. With this one, it's the third time that it touches it, making this support really strong, I don't see Bitcoin going under the $9.500 any time soon