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11.8 Silk Road
Bitcoin touched the 99,000 level yesterday and then quickly rebounded, forming a deep V-shape to around 104,000 before facing resistance and pulling back to a low of 102,000.
The volume spike in the short term did not last long. Today is also a bearish candlestick pattern, with the bearish side dominating! The overall trend is still led by the bearish side!
Bitcoin rebounded from 103,200, with resistance around 104,000, and support at 101,000 and near 10,000.
#BTC #ETH