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Bitcoin: Why BTC Is Falling And Ethereum Is Rising? (September 2019)
Bitcoin (BTC) declined under a key development line assist and is now struggling to interrupt above it. Until it succeeds to interrupt previous this development line assist turned resistance, we’ve no motive to be bullish on BTC/USD. Even the RSI tells us that this downtrend may be very a lot intact. The value is primed for additional draw back right here and if we check out the 4H chart for BTC/USD we are able to see that it stays under the 38.2% fib retracement stage from the native excessive on the prime of the symmetrical triangle. There was a faux transfer to the upside however as we anticipated it failed to carry its floor and the worth of Bitcoin (BTC) closed the 4H candle simply near the 38.2% fib retracement stage.
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