RATE Group | Possible $6900 Bitcoin and $180B Market Cap Incoming, Claims Trading Room
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Possible $6900 Bitcoin and $180B Market Cap Incoming, Claims Trading Room

26 Sep Possible $6900 Bitcoin and $180B Market Cap Incoming, Claims Trading Room

Posted at 04:05h in Bitcoin News by

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Trading room, a major outlet for crypto-related market analysis, has tweeted out a major prediction. It is claiming that unless the total market reclaims the 200 MA on the daily, we may be in for more pain.

The doomsday predictions for Bitcoin and other cryptocurrencies are out in full force after the market posted double-digit losses across the board. Trading Room (@tradingroomapp) is warning investors that it may get worse before it gets better.

Bitcoin Trading Room

Bitcoin Could Sink Further

The trading desk is claiming that the 200 MA on the daily has been broken based on total market capitalization. The market must reclaim this or else we could quickly see Bitcoin drop to $6900-7200. The trading group advised investors to place their entries around this range, moving it lower from its previous call of $7400-7600.

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