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Full credit for this video to NewsBTC who listed the information on this video on an article on their web site: https://www.newsbtc.com/?s=Bitcoin%20Turns%20Bearish%2C%20How%20Low%20Will%20The%20Pullback%20Go%20This%20Time%3F
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Transcript:
0:00:00 Bitcoin Turns Bearish, How Low Will The Pullback Go This Time?
0:00:04 This replace is dropped at you by “CoinCheckup News Updates” and was initially revealed on “NewsBTC”.
0:00:10 The Bitcoin rally is working out of steam it appears.
0:00:14 A bearish candle closing beneath $8,200 has been a sign for additional losses and, as anticipated, they got here fairly rapidly.
0:00:21 For the second time over the previous seven days markets have fallen again as an alternative of heading larger indicating {that a} correction is imminent.
0:00:29 Bitcoin’s bearish shut on the day doesn’t bode nicely for future features and analysts are largely in settlement that $8,200 is a key degree to carry over the subsequent 24 hours to take care of momentum.
0:00:40 After spending many of the previous day buying and selling between $8,500 and $8,600 Bitcoin took one other tumble a number of hours in the past.
0:00:49 The slide despatched BTC again to $7,950 because it dumped over Eight p.c in a few hours.
0:00:57 Currently hovering round $7,900, Bitcoin must return to $8,200 by finish of buying and selling at this time to forestall one other collapse.
0:01:06 Crypto dealer and chart guru, Josh Rager, has plotted the motion and eyes the subsequent every day assist degree at $7,626 or thereabouts.
0:01:15 “$BTC – Daily shut Bearish.
0:01:19 Bitcoin continues to push down fairly aggressively and wish to see a transfer above $7824 and maintain.
0:01:26 Volume has elevated to $23 billion however it’s closely purple indicating that there may very well be quick time period aid earlier than one other transfer in direction of assist.
0:01:34 Rager added; “People have requested if that was quick time period dump and the value is heading again up.
0:01:40 As common Bitcoin is taking part in the digital pied piper, and a 7 p.c dump for it spells much more ache for the altcoins, which nonetheless stay hopelessly coupled to BTC.
0:01:50 Over $23 billion has been dumped out of crypto markets because the altcoins exodus accelerated throughout Asian buying and selling at this time.
0:01:58 Thanks for checking this video! If you wanna learn the entire article you’ll be able to go to CoinCheckup.com or go to: “NewsBTC”, who initially revealed this information replace on their web site.
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