Bitcoin (BTC) Price Correcting Gains: Key Supports Nearby

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Bitcoin price traded to a new 2019 high at $8,370 and recently corrected lower against the US Dollar.The price traded below the $8,200 support, but there are many supports above $7,800 and $7,600.This week’s followed bullish trend line could provide support at $7,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).There were strong gains in Ethereum (broke $265) and ripple (tested $0.4800) in the past few hours.Bitcoin price traded further higher before it faced sellers near $8,370 against the US Dollar. BTC is currently correcting lower, but dips remain well supported above $7,800 and $7,600.Bitcoin Price AnalysisYesterday, we discussed the chances of more gains in bitcoin price above $8,300 against the US Dollar. The BTC/USD pair did extend upsides above $8,280 and $8,300. The pair even traded to a new 2019 high near $8,370, but it failed to continue higher. As a result, the price started…

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