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“This cryptocurrency had a very ugly May and it looks like things will only get worse,” said market analyst Jani Ziedins of Bitcoin in a Friday blog post.
“This is a long-term downtrend and lower lows are still ahead of us. Breaking $7k support will trigger to another wave of selling, but the fear won’t strike in earnest until we undercut the $6k lows.”
A break of the $6,000 low represents another 20% fall.
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- Aaron Goldstein, Gambling911.com
