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/
