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The Price of Bitcoin suddenly reached to $4200 and instantly dumped $3700. Since then the price has failed to reach that price again while only reaching to the price of $3950.

On the daily chart it seems to be holding since the dump but how long can Bitcoin hold while failing to reach the price of $4200?

Right now its looking to be a potential rejection of the .382 with a touch at the .236 fib level

In my opinion we have a lot more to go down before we can retest the upper ranges we haven’t had enough time at the bottom range for this to bear market to be over.

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