BitcoinPlus Steady Decline That Can Accelerate

BitcoinPlus consistently moving lower against Bitcoin within the downtrend channel. It could either continue slow decline or break above the channel accelerating the fall.

Buying BitcoinPlus against BTC (XBC/BTC) is highly risky because this will be betting against the prevailing trend. It needs to break above both descending channels in order to show some strength, which currently is not the case.

Further decline remains valid, whether fast or slow is yet to be seen.

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