Bitcoin
Long

BTCUSD rebounds from firm support of 112,000.00

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BTCUSD rebounds from firm support of 112,000.00

The asset experienced the big decline since the mid-August, falling off the ATH at 124,500.00 towards support level of 112,000.00, which is a 10% correction. Currently now the asset shows bullish divergence on MACD. The price is expected to rise towards 115,000.00 level with a potential final target of 117,000.00.

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