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Bitcoin heading much lower

The first and most popular crypto currency , bitcoin is sliding below the last line of support 6300$ ,now trading at 6170$ .

Honestly i was terribly bullish on bitcoin and I was seeing 13000$ as year end target. However that fall from 7500$ to 6200$ is a very bearish sign and there is no sign of even short term recovery. So , the target now would be 3000$

It is recommended to liquidate to tether until it is very clear if we are keeping the slide or recovering again over 7000$.

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