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Wednesday, July 3, 2013

Bitcoin PANIC SELLING! SELL! SELL! SELL!

Increasing volume and decreasing price shows panic selling:

Increasing volume and decreasing price = panic selling

correlation between the volume and price - bitcoin panic selling

Why they are panic selling? Because the price goes down. Why price goes down? Because they are panic selling...

Bitcoin panic selling/buying

However, there is a strong support:

69.81k BTC can be sold for total of 4.04M USD until price goes below 50.00

4 million dollars wall - Bitcoin

References:

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Exchange Bitcoin, OKPAY and other e-currencies to PayPal, Visa, MasterCard and others.