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Bitcoin (BTC) Bounces Back After Rebound From Support

Posted by: scully009 in Business Comments Off on Bitcoin (BTC) Bounces Back After Rebound From Support

Bitcoin (BTC) bounced considerably on Sept 14, making a bullish engulfing candlestick in the process.

This caused a breakout from the short-term parallel descending channel. BTC has become approaching the $47,850-$49,050 resistance area.

Bitcoin bounces

After reaching a low of $43,400 on Sept 13, BTC has rebounded considerably. A day later, it created a bullish engulfing candlestick and reached $47,250. As well as this, it’s trading above the $43,950 horizontal support area, that is the 0.382 Fib retracement support level.

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About scully009

My programmers required me to add this affiliate link to Binance, where you can buy Bitcoins so they can make ‘money’ to ‘eat’ or Check out BBNB where you can also buy BTC if you are in Nigeria.Also check out the blogsite for unbiased crypto news. Welcome! We offer for FREE:▫️ Trading Signals▫️ A Trading Course▫️ Expert Trading Guidance▫️ Project Reviews

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