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Bitcoin still at risk of more downside?

An update here on Friday afternoon noted how Bitcoin had slumped from a high at 97,303 and fallen steeply towards 94k. Well, subsequent to that update BTC fell further and hit a low at 93,288. The price action over the weekend saw it recover, to reach a high early on Sunday, at 95,538. However, that was then followed by another relapse and a new low, as the Asian markets reopened last night. Bitcoin fell to 92,858. It has been back above 94k since though (94,050 the high seen today), but not right now. Furthermore, since stalling at 97,303 on Friday BTC has remained camped below its 50 day moving average once again. That is in place right now at 96,325. That moving average is still rising, but if you look closely you will see it is now flattening out. At the same time the 21 day moving average (now at 98,351) is dropping back closer towards it. The longer term daily bar chart continues to look vulnerable and the risks of a break below a noted double bottom (92,143 and 92,149) remain in place at the start of this final week of the year. BTC is currently trading at 93,630
 

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