Expert opinion: bearish #BTC (from Coinsradar.net)

In the past few days, the cryptocurrency market has been affected by the news about the Mt.Gox exchange and the German government's operations.

Bitcoin has broken through the heavy support range ($61,100-$58,700) and the 200-day moving average (daily) and is currently completing a correction.

According to classic technical analysis, Bitcoin seems to have successfully formed a symmetrical triangle pattern (symmetrical triangles are usually continuation patterns).

According to the Elliott Wave Theory, Bitcoin seems to have completed a double three correction (WXY).

It is expected that Bitcoin will fall to at least the lower line of the symmetrical triangle pattern and the accumulated long liquidation leverage. #内容挖矿

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