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Bitcoin: Why BTC Is Falling And Ethereum Is Rising? (September 2019)
Bitcoin (BTC) declined under a key development line assist and is now struggling to interrupt above it. Till it succeeds to interrupt previous this development line assist turned resistance, we now have no cause to be bullish on BTC/USD. Even the RSI tells us that this downtrend may be very a lot intact. The worth is primed for additional draw back right here and if we check out the 4H chart for BTC/USD we will see that it stays under the 38.2% fib retracement degree from the native excessive on the high of the symmetrical triangle. There was a faux transfer to the upside however as we anticipated it failed to carry its floor and the value of Bitcoin (BTC) closed the 4H candle simply near the 38.2% fib retracement degree.
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