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Bearish Price Action From Bitcoin & Dogecoin as Crypto Prices Retrace [Price analysis] | blokt

After a strong performance last week across cryptocurrencies, the market leader Bitcoin has failed to follow up this week with an increase.

It looks likely that the week will close at a loss.

The price managed to continue to rise to one of the levels where price broke down in November but failed to overcome this level.

Bitcoin Daily
Price action was relatively bullish up until Thursday.

Price action was mostly consolidating between Monday to Wednesday increasing the chances of the price following up with another significant increase.

However, Thursday’s Bitcoin price action erased any gains that were recorded for the week.

Read complete article here:

Bearish Price Action From Bitcoin & Dogecoin as Crypto Prices Retrace [Price analysis].

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