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Author Topic: [2016-06-29]Bitcoin Price Technical Analysis – Triangle Breakdown!  (Read 159 times)
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June 29, 2016, 01:10:49 PM

Bitcoin Price Technical Analysis for 06/29/2016 – Triangle Breakdown!

The 100 SMA is below the 200 SMA so the path of least resistance is still to the downside. In addition, these moving averages held as dynamic inflection points and pushed bitcoin price down. However, the gap between the two moving averages has closed and an upward crossover seems imminent, likely indicating a return in bullish pressure...
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