Bitcoin Price Gears Up For Another Rally After Testing $25,000

Bitcoin Price Gears Up For Another Rally After Testing $25,000

Bitcoin price has been bouncing up and down over the last couple of weeks, but the digital asset has finally found its direction. With this recent recovery, the price of bitcoin has made its way to sit comfortably above $24,000 presently. The digital asset had tested one of the most coveted spots on Sunday but had sadly been rejected. That has not stopped it, though, as bitcoin is gearing up for another rally towards $25,000. $25,000 For Bitcoin Price After touching $25,000 on Sunday, the bitcoin price had taken a swift beating down. This led to an inevitable slump below $24,000 but would....


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Bitcoin Price Technical Analysis for 08/17/2016 – Testing Area of Interest

Bitcoin price enjoyed a strong rally recently but could be ready to resume its slide soon if this area of interest holds. Bitcoin Price Key Highlights. Bitcoin price broke above the neckline of the short-term double bottom formation illustrated in the previous article. Price has climbed to the $580 area since and is testing the support turned resistance level. Additional resistance is located around technical inflection points so a return in bearish pressure could be due. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA, confirming that the path of least....