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Bitcoin Price Analysis: BTC Could Bounce Off $7200 Support

Bitcoin Price Analysis: BTC Could Bounce Off $7200 Support

Bitcoin (BTC) price clearly broke through key support levels at $9,500 recently, as shown in my previous analysis and has since dropped to $7,700 losing almost 19% of its value within the last few days. On the 1 day chart for XBT/USD, we can see that price levels broke down below the asymmetrical triangle within the last few days.







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