Bitcoin’s Brush With Oversold Levels Suggests Selloff May Be Over – For Now

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The bloody week continued in the cryptocurrency segment on Fed-day too as the major coins suffered another hit, falling around 10% on average compared to yesterday’s price levels. The move dragged down the previously relatively stronger coins too, and that led to further deterioration of the short-term technical picture, as several key support levels were clearly broken by the majors.

On another negative note, Bitcoin fell below the April low, and the most valuable coin now trades at levels not

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