Bitcoin Price Technical Analysis for 3/2/2015 - Pending Bullish Stampede
Bitcoin price started the day by rising from around $236 to more than $248 before a bearish downtrend pulled the price down back to around $226 at the time of the writing of this article. As the price is advancing, it's logical to see downward price movements as traders take the profit by closing their long positions. Although the bullish rally slowed down today, it's quite obvious that bitcoin price won't break the $200 support level, maybe because of the psychological makeup of the traders who think that a bitcoin is worth more than $200. By plotting the Fibonacci retracement fan on the....
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