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The bitcoin rally technically ended with the decisive break of the $422 swing low on Saturday. First we saw prices crash through this level on OKCoin and other Chinese exchanges. The U.S. dollar exchanges like Bitfinex and BTC-E took a bit longer to break the level but soon enough they joined in the selling as well. On the chart below we can see that on OKCoin we hit a low of $393.22 on Saturday afternoon.
Meanwhile on other USD exchanges we only traded…
Bitcoin Rally Over After Weekend Sell-off
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