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April 04, 2018, 12:29:01 AM |
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It seems now whales, buying and selling bitcoin in support and resistance zones. After playing several days or weeks they dump the market. Several weeks back, BTC was ranging 11k-12k zone and a lot of people were expecting upside movement breaking the resistance. But it broke to support level. Then the price was range 9k-10k and then it broke another support and dip to the 6400 level. Now price is ranging 6400 - 7600 zone and whales might sell BTC around 7600. So there is a possibility to break 6400 support and price down to the 6k level. As small investors, we don't have any option other than holding our coins.
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