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BTC price has been trading downwards as we expected. The price tested the level of $9.025(yesterday's first target). We still expect more downside and the confirmation will be if you see breakout of $9.025. Watch for selling opportunities.
Yellow rectangle - horizontal support 1 ($9.025)
Pink rectangle- support 2 ($8.851)
Orange line – 20 EMA
BTC price did nice test-reject of the key resistance at the price of $9.453. On the last down swing we found new momentum low on the MACD oscillator, which is sign that sellers are still present and that you should watch for selling opportunities. Downward targets are set at the price of $9.025 and at the price of $8.851. Resistance levels are set at $9.232 and $9.453. The potential breakout of $9.025 will lead us to $8.851.
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