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Bitcoin’s Move Below $10,000 Could Initiate Medium-Term Downtrend

Bitcoin’s move below the $10,000 could start a medium-term downtrend as the price declined by 15% in the past few days and tested the $10,000 against the US dollar. In our bitcoin news today, we are reading more about the price analysis. Bitcoin is trading below the main $10,800 price level and $10,500 support levels as the price even spiked below $10,000 and settled below the 100 simple moving average. There’s also a steep bearish trend line forming close to the resistance of $10,250 on the 4-hour charts of the pair. The pair could start a recovery wave above $10,250…

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