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Bitcoin Technical Analysis – Sellers are capping gains from the EU afternoon session

Updated: 20 Aug. 2019 | 22:27

Volume on the sell-side increase at BTC/USD price drops
10,775.00 was too much for bulls today
Intraday support broken to initiate down move

BTC/USD has taken a sharp fall to the downside after 10,700.00 breaks following a fair amount of selling volume.

There was also a break of the RSI trendline to the downside. 10,555.70 is the low of the session and look out for support there.

Now price has stopped at the mean value for the day around 10,650.00.

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