The bitcoin exchange rate fell a further 0.5%. Market analysis for October 20

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Bitria “news” the bitcoin exchange Rate fell a further 0.5%. Market analysis for October 20

The last day of the cryptocurrency market capitalization remains the same and is $208, while the rate of bitcoin has dropped another 0.5% and the cost is $6,460. The rest of the cryptocurrency market shows slight growth within 0.07 to 2.2%.

BTC/USD broke the psychological support level of the previous trend to set new intraday lows towards $of 6.356. The downward effect came after the bulls began to feel weak near a giant downward trend line, which closed every potential growth in each quarter this year.

A couple of hints at a major reversal in the direction of support, remaining close to $6,000, if the rollback action will expand. A breakthrough in this point in time may produce another false breakout scenario, as can be seen from the previous action up. The pair is now testing a new medium-term mood support near the low of $6,320 20 September where you can expect a correction up to the upper trendline of the giant descending triangle.

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