FXHighway

Bitcoin heads for bearish correction

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BITSTAMP:BTCUSD   比特幣
Target: 4657
Risk: 4965

Technical reasons:

Bitcoin price started bearish correction that was confirmed after the completion of the rising wedge pattern, and breaking 4965.00 will confirm extending the decline to 4657.75 as a next target.

The continuation of the expected decline requires consolidating below 5130.00.

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