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Bitcoin: BTC Can Fall A Lot Lower Than Expected (January 2020)
Bitcoin has declined down to the low $9,200s as of now. It appears that the bullish move has come to an end but we cannot be sure until and unless there is an effective decline below the 200-day moving average. One thing that is important to note here is that BTC/USD may show some signs of strength near-term but the long-term outlook is gloomy as ever. In fact, it is even more gloomy now in light of recent developments which is why we think Bitcoin may end up falling a lot lower than expected.
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#Bitcoin #BTC #TechnicalAnalysis
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