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BTC/USD Reversal Necessary In Journey to $9,200
Bitcoinschannel via bitcoinschannel.com
Meanwhile, the January surge appears to have died and Bitcoin is struggling to stay above key support areas. At the time of writing, Bitcoin is dealing with a 1.54% loss recorded from the opening at $8,659 to the market value at $8,530.
When technical levels are considered, Bitcoin is likely to dive lower towards $8,400 (possible support). In the event both $8,500 and $8,400 give to the selling pressure, Bitcoin will find more support at $8,250 and $8,000 respectively.
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