Bitcoin has been more bearish than bullish in the past few months. Bitcoin on the daily chart had a divergence on the MACD histogram and was bound to come down today. Expecting for more downwards movement in the short term(1-2 weeks) and upwards movement in the medium and long term.
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Expecting a retrace down to the 8800~ area, and possible down to the 61.8% fibonacci retracement area, roughly at 8200~