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Bitcoin broke the bullish channel's support and attempts to hold below it, which turns the price to decline and start bearish correction on the short term basis, to start the negative targets at 1600.00, noting that breaking this level will extend Bitcoin price losses to reach 1400.00 followed by 1345.00 on the near term basis.
The bearish bias will be suggested in the upcoming sessions unless the price managed to breach 1740.00 level and hold above it again.
Expected trading range for today is between 1600.00 support and 1800.00 resistance
Expected trend for today: Bearish
For more info, feel free to visit my Blog "Bitcoin World": http://lordoftruth.blogspot.com
Thanks For Reading,
Samer