Bitcoin Slipping Down $8,000, But Downside Could Be Limited

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Thu Mar 29, 2018 1:02 pm

After decision to ban of Twitter all ads related to initial coin offers, exchanges, sales of token, and wallet services may have played a role in pushing prices lower although it is worth noting that bitcoin had been trading on the back foot well before Twitter news.
Bears continued on Monday pushing bitcoin (BTC) below Eight thousand $8000 and recent low of near $7300. The crypto currency found below the crucial support of $8217 12:00 gesturing the educative rally from the low of $7240 has ended. The inspired bears then pushed bitcoin down to $7716 earlier today its lowest since March 18.
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