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A prominent cryptocurrency analyst thinks that Bitcoin is primed to fall lower after June 11th’s 10% drop, despite the 5% bounce from the lows.
He remarked in a post published on June 12th that the cryptocurrency has lost the support of a short-term ascending triangle, and thus is primed to fall to the range lows of $8,575. A drop to that level would amount to approximately a 10% move lower.
TradingView.com chart of Bitcoin price, annotated by DonAlt (@CryptoDonAlt on Twitter).
As reported by
