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Title: [2016-07-29] newsbtc.com-Bitcoin Price Technical Analysis for 07/29/2016 Post by: Jambolb2 on July 29, 2016, 04:18:34 AM Bitcoin Price Technical Analysis for 07/29/2016 – Potential Reversal?
Bitcoin Price Key Highlights Bitcoin price has been trending lower recently but it looks like sellers are tired from the decline. A small reversal pattern can be seen on the 1-hour time frame, possibly indicating a short-term reversal. Price has failed in its last two attempts to break below the $645 level, creating a double bottom formation. Bitcoin price has formed a double bottom on its 1-hour time frame but has yet to break above the neckline before confirming the reversal. READ MORE : http://www.newsbtc.com/2016/07/29/bitcoin-price-technical-analysis-07292016-potential-reversal/ (http://www.newsbtc.com/2016/07/29/bitcoin-price-technical-analysis-07292016-potential-reversal/) |