Bitcoin Price Technical Analysis for 9/2/2015 - Solidifying Support
Bitcoin price declined a bit today and the long awaited bullish wave was further delayed. The $220 level was tested today and continued to prove that it is currently supporting the price well. By observing the 1 hour Bitfinex (BTC/USD) charts from tradingview.com (look at the below chart), we can notice that the price dropped today from around $224 to $216, before rising up again to $220. As the price approached the $220 level, support has been prominent as proven by the candlesticks' long shadows near the $220 territory (look at the 3 candles inside the blue cloud on the below chart).....
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