BTCUSD Perpetual Contract
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The Bitcoin Correction May be Over

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The long-anticipated correction of bitcoin's price has taken place, with the price falling to the .382 fib.
I believe this fall was not because of negative bitcoin news but because of the RSI bearish divergence which has now been corrected.
That being said, I suspect that we will close the daily candle at the .5 Fibonacci around 46,700.
From there, I find it likely that we will bounce off of the bottom of this range and continue upwards.

God Bless!

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