Bitcoin is testing 50MA. Will fall and bounce from Local Support pour BITSTAMP:BTCUSD par Alexander_Harford

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The 50MA has been acting as Support for Bitcoin for almost a month. At the moment price is in the line's area. Moreover , BTC is testing the Upward channel with the Local Resistance/Support line nearby. As the EMA are about to intercept and the last candle providing us with the Hanging Man patter we can expect the decline and the following pullback in the price of Bitcoin!

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