Xmr to btc exchange... Bitcoin: Where Is BTC Really Headed? (January 2020)

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Bitcoin: Where Is BTC Really Headed? (January 2020)

Bitcoin continues to struggle to hold its ground above the 61.8% fib level at $8.6k but it seems to be struggling too hard. Whenever the price struggles too hard to do something, it usually fails because there is place for hoping and wishing in the market. What is meant to happen does happen most of the time in financial markets. We can see now that BTC/USD is primed for a sharp decline sooner rather than later. The bearish pennant seen on the 1H chart is likely to lead to a crash by the end of the week. Cryptocurrencies pairs like ETH/USD and LTC/USD share a similar outlook and risk to lose a lot more than Bitcoin during the next downtrend.

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