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Prices trend on the daily charts has been downtrend from the time it broke long resistance occurring at support level of $557. As shown in the figure above, when this barrier was broken, it had huge negative impact for Bitcoin. Buying support has gone missing as candlesticks show seller have upper hand at the specified time which can be simply justified by buying of some large properties( or some related activity) in Bitcoin liquidating them at exchanges. It was observed that Bitcoin formed 'Double Bottom' on pervious occasion which couldn't sustain for long time due waning buying habit.

Cheers,
ZeroSum Believer