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.
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