Key Points Bitcoin price recoveries faced sellers towards $2550 against the US Dollar, and slowly declined lower. There is a major contracting triangle pattern with support at $2300 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). A break and close below $2300 could ignite further declines towards the $2120 level. Bitcoin price … Continue reading Bitcoin Price Weekly Analysis – BTC/USD Approaching Crucial Break
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