Bitcoin Technical Analysis - Update
After a good bullish rally, Bitcoin could hit 45500 target, however soon after reaching that resistance area, it faced with increasing selloff pressure and the bulls could not push the price higher. As you can see Bitcoin may create a bearish Head and Shoulders Pattern which may temporarily raise the price to around 44500 before it falls downward. Therefore, it is wise to set stop loss for our trades to avoid any further potential loss.
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