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As expected, Bitcoin has ended its boring period over the weekend and things have taken an interesting turn as the price rose above strong resistance levels. Bitcoin has jumped 1.4% since Friday’s observation to trade at $232.17, a level which is eagerly watched by all market participants. And technically, the current market conditions strongly favor the bulls.
Technical analysis of the above presented 240-minute BTC/USD price chart conveys that bulls might eventually take the price higher to $245.
Technical analysis of the above presented 240-minute BTC/USD price chart conveys that bulls might eventually take the price higher to $245.
Full story: http://www.newsbtc.com/2015/06/15/bitcoin-price-technical-analysis-for-1562015-a-breakout-everybodys-waiting-for/