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-15% Is Worth Starting to Buy

Nov 25, 2019

Last week, the market was preparing for Black Friday sales, and the BTC price has dipped to $7000, means -15% since the beginning of the week. Bears resisted only at the $6800 price level and pushed off the resistance line.

If the price is returned above the $7300 level, there is a high chance of recovery. In another case, sellers continue to push the price to the $6000 level, which is unwanted for many competitors.

The RSI is in the oversold zone and is trying to return to the buying zone. It means the buyer isn’t ready to give up. It is also necessary to pay attention to the small formed divergence on this indicator.

A downtrend reversal is possible if within a few days the trading volumes go up.

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