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2018-7-5 14:53 |
Only investors who believe in the potential of virtual currencies remain invested or are looking to make a fresh investment after the fall.
The cryptocurrencies might spend some time forming a large base upon which the next bull market will be built.
BTC/USDBitcoin held the 20-day EMA support on July 03, which is a bullish sign.
The bears will defend the zone between $6,877.36 and the 50-day SMA aggressively, but we expect it to be crossed.
Therefore, we shall wait for a new buy setup to form before recommending any long positions on the pair.
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