Bitcoin Price Weekly Analysis –BTC/USD To Weaken Further?

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Key Points

  • Bitcoin cost after trade tighten to a $682-84 levels opposite a US Dollar found sellers, and changed down.
  • There were a integrate of bullish trend lines shaped on a 4-hours draft (data feed from Bitstamp) of BTC/USD, that were damaged during a downside move.
  • The cost is also next a 100 elementary relocating normal on a 4-hours chart, job for some-more waste in a brief term.

Bitcoin cost unsuccessful to trade towards $700 opposite a US Dollar, and it looks like a cost is environment adult for a decrease relocating ahead.

Bitcoin Price Sell?

Bitcoin cost this past week traded towards a $685 level opposite a US Dollar, though unsuccessful to keep a bullish bias, and started to trade down. It pennyless a 23.6% Fib retracement turn of a final call from a $606 low to $682 high, that non-stop a gates for some-more declines in a brief term.

Furthermore, during a downside move, a BTC/USD span pennyless a integrate of critical support area. First, there were a integrate of bullish trend lines shaped on a 4-hours draft (data feed from Bitstamp) of BTC/USD. Second, a cost sealed next a 100 elementary relocating normal on a same chart. So, we can contend there


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