New Trend Forming in Bitcoin // Bitcoin technical analysis 2

in #bitcoin • 7 years ago (edited)

Bitcoin Price Key Highlights

Bitcoin price seems to be trending lower on its short-term time frames, creating a new descending channel visible on the 15-min and 1-hour chart.
Price is currently testing the channel resistance around the $2750 level and could be due for a drop to support.
Bitcoin is still moving above a rising trend line on the longer-term charts but appears to be having trouble sustaining its bounce.

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7 years ago in #bitcoin by
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