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Thursday

21 January 2021

TA: Bitcoin is Facing Uphill Task, Why Bears Could Gain Strength Below $19K

TA: Bitcoin is Facing Uphill Task, Why Bears Could Gain Strength Below $19K


smart summary beta

BTC broke the $19,000 resistance level and it even settled above the 100 hourly simple moving average.

The price is now approaching the $19,150 support and the 100 hourly simple moving average.

The main resistance is still near $19,500, above which the price may possibly test $20,000.

If bitcoin fails to stay above the $19,150 support and the 100 hourly simple moving average, it could decline sharply.

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