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BTC/USD Analysis

14 February 2018

On daily time frame chart, we can see that the price is slowing down its last bearish movements.

If we look at Fibonacci levels we can see that the price has rejected the 78.2% fibs levels which can be an opportunity to Long entries in this crypto.

Therefore, we can expect a further appreciation by Bitcoin soon if the price remains above the 78.2% fibs levels.

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Everything posted herein is the Personal Opinion of the Author(s) and does not represent a statement made by TeleTrade. TeleTrade is providing this for informational purposes.

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