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Bitcoin Forecast March 29, 2018

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Bitcoin traders tried to rally during the day on Wednesday but gave back most of the gains. We ended up forming a bit of a shooting star for the day, and a breakdown below the bottom of the range for Wednesday would be a negative sign, perhaps sending this market down to the $7800 level, followed by the $7000 level. The alternate scenario of course is that we could break above the top of the range for the day, sending this market to the $9000 level. Ultimately, the market looks week, and I think that continues to be the case. The market looks likely to wipe out the entirety of the recent rally from late last year, so I believe that the sellers are very much in control, and they will be looking to take advantage of any pop in pricing. for more analysis: http://www.dailyforex.com
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Text Comments (1)
NGS CRYPTO (5 months ago)
Thanks for the report Daily Forex! https://www.youtube.com/watch?v=b0xeGeGWQFE&t=52s

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