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These supports are identified respectively as the 100 percent and 86.4 percent projection levels of an uptrend from $7,820.
Bitcoin failed to break a resistance at $11,738, which is strengthened by a similar one established by the Feb. 20 high of $11,780.
The failure has caused a decent correction which may extend into the range of $10,242-$10,559. Only a break above $11,738 could confirm the continuation of the uptrend towards $12,201.
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