Bitcoin Price Weekly Analysis - Triple Top Formation?
Key Highlights. Bitcoin's price traded higher this past week, but it looks like it is finding offers once again near ¥2490-2500. There is a chance of a triple top pattern on the hourly chart (price feed from Huobi), which may ignite a short-term downside move. The price looks in an uptrend, as there is an ascending channel formed on the daily time frame chart (data feed from BTCChina). Bitcoin's price is facing a tough barrier near the last high of ¥2490-2500, so it would be interesting to see whether it can manage to break it or not moving ahead. Short-term Correction? There was a decent....
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