Bitcoin / TetherUS
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Bitcoin Forming Descending Triangle. $53-$50k in Sight

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It's been a rough couple of days now and Bitcoin seems to got hit hard by the power cut in China. Now forming a descending triangle which looks like more downwards potential for another week or so.

If Bitcoin breaks above the triangle, we are back in business. This could as well be the dip. Long term bullish, short term bearish.

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