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July 12, 2016, 02:10:20 PM
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Bitcoin Price Technical Analysis for 07/12/2016 – Watch Out for a Breakout!

The 100 SMA is below the 200 SMA so the path of least resistance is to the downside. A candle close below the $640 level could be enough to confirm a break lower, triggering a longer-term drop to the triangle bottom near $550. On the other hand, a long green candle closing above $650 could signify an upside breakout and start a climb to the triangle top at $775...

http://www.newsbtc.com/2016/07/12/bitcoin-price-technical-analysis-07122016-watch-breakout/
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