Bitcoin Price Unlikely to Fall Under $9,200; Here’s Why

Bitcoin has, to put it lightly, seen a helluva past 48 hours. On Wednesday night/Thursday morning, the BTC price plunged by nearly $600 out of nowhere, dropping the cryptocurrency to $9,600 from $10,150.
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Many traders immediately saw this as a sign that BTC was going to collapse lower, as it would have then resolved to the downside of a long-term descending triangle that has haunted bulls for months.
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