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Bitcoin Forecast January 9, 2019

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Bitcoin markets rallied initially during trading on Tuesday but ran into trouble at the downtrend line yet again. At this point the market looks as if it is going to form a bit of a shooting star, and that signifies just how Barry’s this area is. If we break down below the $4000 handle, then the market could drop down to the $3500 level. I would say this though, the 20 day EMA is starting to flatten out, so it’s likely that we are going to continue to drift sideways more than anything else, but if the market breaks above the top of the downtrend line, then we could drift towards the 50 day EMA. for more analysis: http://www.dailyforex.com
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