n nn nn After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017Figure 1 BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16 yesterday as the market sliced through the long held support like a knife through butter. The high volume and wide candle spread does not bode well for the bulls as we are currently witnessing an excess of supply in
Author: CryptScout.com
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