Bitcoin (BTC) Bulls Get Too Confident, Too Soon

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Bitcoin (BTC) attempted to test the 50 day EMA but it failed miserably and the price declined before BTC/USD could actually test that level. This means that we are likely to see the price form another candle to the downside and maybe we might not see bullish recovery until next week. It is still possible though for the price to test the 50 day EMA tomorrow or the day after because we still have two more days left before the weekly close. If we take a look at the 15 minutes chart for BTC/USD it all begins to make sense…
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Bitcoin (BTC) Bulls Get Too Confident, Too Soon

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