Bitcoin Price Analysis- BTC on Losing Streak Nearing $17800; Will it Hold?

The five consecutive red candles in the daily time frame chart indicate a sudden turnaround in the Bitcoin(BTC) recovery rally. Furthermore, a gradual rise in volume activity during the downfall validates a genuine reversal. The sustained selling pressure teases the coin price may fall to June low support of $18000. Key points:  The daily-RSI slope

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Author: toutiao