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BITCOIN BEGINS BEARISH CORRECTION – ANALYSIS - 13-12-2017

Bitcoin price apoprached our waited extended target at 17665.00 and bounced bearishly from there, to start bearish correction for the last bullish wave measured from 13011.00 to 17428.00, as it pushes on 23.6% Fibonacci correction level in attempt to confirm breaking it.

Therefore, we expect witnessing more decline in the upcoming sessions, and the expected targets begin at 15740.00 and extend to 15220.00, noting that breaching 16960.00 will stop the suggested bearish wave and lead the price to resume the main bullish trend again.

Expected trading range for today is between 15220.00 support and 16960.00 resistance

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