KQMarkets

Bitcoin - Still Bullish Despite Pullback

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BITFINEX:BTCUSD   Bitcoin
Bitcoin has fallen a few hundred points over the past couple days as it struggles to sustain upward momentum but we are still bullish at the current level. However, we would not want to see Bitcoin fall towards $11000 below the $10679 support level and will wait and see how the trade war develops as we believe it is now a safe haven asset and a worsening of US and China trade relations would lead to a rise in Bitcoin.

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