Bitcoin: Continued Break Down Unstoppable

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  • Bitcoin embarks on a gain-trimming mission amid the ongoing hunt for a bottom.
  • $7,000 – $7,1000 becomes a short-term buy zone for traders hoping to sell at $7,400 and $7,700 respectively.

Bitcoin continues to narrow down towards $6,000. The down trend is clear shown by taking a broader technical picture using the daily chart. Bitcoin has been recording a series of lower highs and lower lows since the majestic recovery from levels close to $3,150 in December 2018 to highs around $13,800 in…

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