Bitcoin Price Weekly Analysis – BTC/USD Upside Contained

Bitcoin Price Weekly Analysis – BTC/USD Upside Contained

Bitcoin price after a sharp decline towards $700 against the US dollar started a recovery. But it looks like upsides in BTC/USD are contained. Key Points. Bitcoin price moved down sharply this past week to trade close to the $700 handle against the US dollar before starting a recovery. There is a recovery underway, as there is a flag pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD. The price is currently facing a couple of important resistance levels, including $850 and $880. Bitcoin Price Resistances. There was a nasty decline in Bitcoin price against the US....


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