Bitcoin Price Technical Analysis for 24/3/2015 - Crucial Climb
The Bitcoin price is little changed from yesterday and is still hovering near the crucial level of $265. But, the chart structure has witnessed a dent and the hopes of reaching $280 are now hinged on the upward sloping Short-term Support (marked in the chart below). An analysis of the BTC/USD 240-minute price chart has been presented here. Chart Structure - In my yesterday's BTC/USD analysis titled Support Established, I mentioned that Bitcoin had broken out from the contracting channel and was sustaining above $265. But, in the past 12 hours, the digital currency has cracked below this....
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