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Crypto Bull Analyst Predicts Sharp Bitcoin Price Correction Below $10,000

Since June 27, the bitcoin price has dropped from nearly $14,000 by more than 22 percent against the U.S. dollar in a relatively large pullback, leading the valuation of the crypto market to drop.

$BTC views update

– Mid/long term bullish.
-Short term bullish above 11500/11600, bearish below 11300.
– R: 11800, 12000, 12300, 12500.
– Key level above for bears to defend is 12300.
– If price moves below 11300, 10000-9650 is first larger target area. 50 DMA stands at 9760. pic.twitter.com/1Cns6bySxz

— Alex Krüger (@krugermacro) July 12, 2019

Still, despite the minor correction, the bitcoin price is up more than 210 percent year-to-date as one of the best-performing assets in the global market.

In comparison, other major crypto assets that tend to…

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Chromia (CHR) is now on BitMax.io under the trading pairs of CHR/USDT, CHR/BTC,CHR/ETH.

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