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Bears and bulls are battling it out once again, each side trying to take control over daily momentum.newsbtc.comIn this episode of NewsBTC’s daily technical analysis videos , we examine a possible bottoming scenario in Bitcoin price based on a potential expanded flat correction and an ending diagonal.

“The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down.newsbtc.comThis is notable, because in commodities, prices bottom out near the cost of production. Even Bitcoin’s creator, Satoshi Nakamoto spoke of this.