#bitcoindaily

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Newsflash: Bitcoin has just collapsed under $9,000 for the first time in months. The cryptocurrency is down some 10% in the past 24 hours, trading at $8,665 as of the time of writing this price update. Altcoins have been absolutely destroyed. Ethereum has shed 13% in the past 24 hours; Bitcoin Cash, -20%. The market capitalization of the cryptocurrency market has collapsed all the way to $240 billion. With this massive flash crash, Bitcoin has shed an array of clear support levels — the descending triangle bottom of ~$9,500, the horizontal support of $9,400, and key moving averages. A daily and weekly close at these levels could thus be disastrous for bulls, at least in the medium-term. It may not be curtains closed for this bull market, however. A loss of a descending triangle doesn’t necessarily mean the end of a bull run. In 2017, Bitcoin similarly shed a triangle, to only rally above it in the months that followed. Are we bouncing back up or continuing lower? Post your thoughts below! #Bitcoin #bitcoinnews #bitcoinprice #cryptocurrency #bitcoins #bitcoinexchange #millionairelifestyle #millionaire #millionairemindset #millionairementor #money #investor #investing #investment #investments #financialfreedom #bitcointrading #bitcoindaily #bitcointips #cryptotrading -


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