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Bitcoin Forecast January 16, 2018

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Bitcoin markets did very little during the day on Tuesday, as we continue to go back and forth and sideways around the $3600 level. We have the 20 day EMA just above that is offering a bit of resistance and turning lower. Beyond that, we have a downtrend line that has not been broken and of course the most volume that we have seen in a couple of weeks was in a very negative candle stick. All that being the case, it’s looking very likely that we are going to continue to see selling pressure. for more analysis: http://www.dailyforex.com
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