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Title: [2017-03-12] Bitcoin Price Weekly Analysis – BTC/USD Decline Looks Fake? Post by: Kemarit on March 12, 2017, 06:34:45 AM Bitcoin Price Weekly Analysis – BTC/USD Decline Looks Fake?
Key Points -Bitcoin price saw a lot of swing moves recently against the US dollar due to the SEC verdict to list Bitcoin ETF. -The price was rejected completely near a bearish line on the 4-hours chart (data feed from SimpleFX) of BTC/USD near $1184. -However, the price is losing the steam, and remains at a risk of a downside move. -Bitcoin price made a sharp downside move after the SEC predict on ETF, but is this decline in BTC/USD real or fake? Bitcoin Price Downside Move and ETF Decision There was a major event lined up recently, as the U.S. Securities and Exchange Commission announced their verdict to list the Bitcoin ETF. They decided against, and disapproved the request, which produced a sharp downside move in Bitcoin price. The BTC/USD pair was earlier seen trading close to $1200, but after the decision, the price declined. A new downside wave was initiated, as the price moved from the $1184 high to the $1061 low. Full Read Here: http://www.newsbtc.com/2017/03/12/bitcoin-price-weekly-analysis-btcusd-decline-looks-fake/ (http://www.newsbtc.com/2017/03/12/bitcoin-price-weekly-analysis-btcusd-decline-looks-fake/) Title: Re: [2017-03-12] Bitcoin Price Weekly Analysis – BTC/USD Decline Looks Fake? Post by: Papa Bear on March 13, 2017, 02:13:40 AM It seems Undoubtedly, prices have recovered well and the fall looks fake.
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