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Title: [2016-08-17]Btc Price Technical Analysis for 08/17/2016– Testing Area of Intrest Post by: WishICanTurnBackTime on August 17, 2016, 01:10:11 PM Bitcoin Price Key Highlights
1.Bitcoin price broke above the neckline of the short-term double bottom formation illustrated in the previous article. 2.Price has climbed to the $580 area since and is testing the support turned resistance level. 3.Additional resistance is located around technical inflection points so a return in bearish pressure could be due. Bitcoin price enjoyed a strong rally recently but could be ready to resume its slide soon if this area of interest holds. http://www.newsbtc.com/2016/08/17/bitcoin-price-technical-analysis-08172016-testing-area-interest/ |