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Bitcoin (BTC) Update

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Since our last post, BTC             validated the double top and after testing the double top , BTC             moved down sharply as we expected.

BTC             as also breached an intraday support @ 8300 and currently consolidating near 8300.

We expect further move down from the 8300 area, if BTC             breaks 8300 UP then expect 9400. However, overall long term trend remain bearish .

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