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

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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. Bitcoin

this article was originally posted on thebitcoinnews

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