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Bitcoin move back up to 9200
Cryptocurrency market today is strong with many altcoins showing double digit gains.
Despite this Bitcoin has fell pretty sharply over the past hour from around 9150 to 9050. This could be opportunity to get in for a short term long as technical analysis on the longer time frames looks positive with drop being on fairly low volume.
On 15 minute chart there was an influx of buyers near the 9050 level. There is also some key support levels lower which makes it more unlikely to drop further than to rise back up another 100 or so. Looking to enter 9075 with profit taking and 9175 & stop loss 8975.
Despite this Bitcoin has fell pretty sharply over the past hour from around 9150 to 9050. This could be opportunity to get in for a short term long as technical analysis on the longer time frames looks positive with drop being on fairly low volume.
On 15 minute chart there was an influx of buyers near the 9050 level. There is also some key support levels lower which makes it more unlikely to drop further than to rise back up another 100 or so. Looking to enter 9075 with profit taking and 9175 & stop loss 8975.
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