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Bitcoin Forecast January 3, 2018

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Bitcoin gapped higher to kick off the session on Wednesday which of course is very bullish but gave back quite a bit of the gains as the 20 day EMA is in the same neighborhood. Beyond that, we have a downtrend line that we need to break above, which is just past the $4000 level that could cause issues. Because of this, it’s only a matter of time before the sellers return and as we continue to consolidate around the $4000 region, I think there are plenty of reasons to suspect that perhaps we may roll over in the next couple of sessions. for more analysis: http://www.dailyforex.com
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