CRYPTOCURRENCY FIDELITY - Bitcoin: BTC Is At A Key Decision Point (January 2020)

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Bitcoin: BTC Is At A Key Decision Point (January 2020)

Bitcoin started the day in green and shot past the key resistance level it had been struggling with to give traders the false idea that the market was about to flip bullish. However, what ended happening instead was that the price retraced even lower and is now trading in the red. So, what is going on? Well, we know now that the price has lost the bullish momentum to break past this strong resistance zone. It is also important to remember that the price could not do this even during the manipulated pump of October, 2019 which saw BTC/USD rally 43% in just two days.

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