Drop below the channel could take us to 4500 or even 4200

While the news came out today about the investigation into Bitfinex/Tether, there was already a negative RSI building before the news broke, indicating a likelihood of a drop.

Currently BTC is still holding in the channel, but a drop below it could take us to 4500 or even 4200 in the short term.

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Bitcoin (Cryptocurrency)BTCshortTrend Analysis

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