Another difficult week in the world of Bitcoin as it broke a key technical support level. This fits into our thesis from last week where there was a slew of negative news that had caused Bitcoin to break down.
Bitcoin this last week had a lot important news that had large impacts on price.
1. Google ban on cryptocurrency ads
One of the big news that started off the week on a negative note was Google coming out and saying that it would be banning all crypto related ads on it's network. The last time Facebook issued the similar stance price fell 12%. Similarly we saw a large sell off take place when the news was announced this week. A majority of these ads are usually by large ICO's and large exchanges that aggressively advertise. By reducing two major awareness on-ramps, this limits both new money being invested in the major
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