Bitcoin Price Continues to Struggle with Significant Resistance Between $740 and $780
Last week Bitcoin exhibited relative strength in the marketplace when compared to precious metals, adding to the fundamental bull case, however the near term technicals are saying that perhaps the market is not yet ready for a breakout move higher. While our bias remains generally bullish for the time being, we realize the market could stay around for awhile first. Last week we saw a somewhat surprising continuation of the near term rally up towards the $755 level where sellers began to move in to put a cap on price. Following that local top, price began to show signs of diminishing....
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