Bitcoin Medium-Term Price Analysis
Without an obvious catalyst, Bitcoin (BTC) price has experienced a flash crash early Friday trade. At the moment, the BTC market is experiencing low volatility after facing resistance at the $8,260 price level. The bulls had tested the $8,260 resistance level twice before falling to the support of the 26-day Exponential Moving Average. The market has fallen to a low at $7,745.10. On the downside, if the bears break the support of $7,745.40, the price of Bitcoin will decline to the $7,000 price level.
On the other hand,
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