Bitcoin dropped down to approximately $9300 today, corresponding roughly to the 50 day moving average. Will we hold it as support? If we do continue dropping, look out for the 50 week ($8800) and 20 week ($8300) moving averages to put up some resistance, but always be prepared for a drop down to the 200 week MA ($6000), as our historical best time to day (not including daily wicks below). Bitcoin TA Video by Benjamin Cowen.
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