The Bitcoin price has been retracing since reaching a low of $8,815 on May 21. However, the price has failed to break out above the 0.5 Fib level of the previous decrease and has been decreasing since the morning of May 24. The Bitcoin price has been twice rejected by the 0.5 Fib level of the previous downward movement. Afterwards, the price began a downward move and has recently created
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