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FX.co ★ BTC analysis for 05.11.2020 - Massive drop on the BTC casue by big liqudation and strong rejection of the $10.000 mark. More downside yet to come...

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Crypto Analysis:::2020-05-11T11:40:23

BTC analysis for 05.11.2020 - Massive drop on the BTC casue by big liqudation and strong rejection of the $10.000 mark. More downside yet to come...

Corona virus summary:

BTC analysis for 05.11.2020 - Massive drop on the BTC casue by big liqudation and strong rejection of the $10.000 mark. More downside yet to come...

In France, from Monday members of the public were able to walk outside without filling in a permit for the first time in nearly eight weeks, teachers will start to return to primary schools, and some shops – including hair salons – will reopen. Bars, restaurants, theatres and cinemas will, however, remain closed.

In Spain, urban hotspots such as Madrid and Barcelona remain under lockdown – but elsewhere people made plans to meet friends and family in bars and restaurants that have outdoor spaces.

Fears grow in Germany of second wave of coronavirus infections

In the UK, Prime Minister Boris Johnson was criticised for being divisive, confusing and vague as he explained his blueprint for a gradual easing of the lockdown in England.

Technical analysis:

Trading recommendation:

Watch for selling opportunities on the rallies using the 1H and 4H time-frame. Downward targets are set at the price of $7,765 and $7,345.

Analyst InstaForex
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