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Topic: [2016-07-29] newsbtc.com-Bitcoin Price Technical Analysis for 07/29/2016 (Read 292 times)

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Bitcoin Price Technical Analysis for 07/29/2016 – Potential Reversal?

Bitcoin Price Key Highlights

    Bitcoin price has been trending lower recently but it looks like sellers are tired from the decline.
    A small reversal pattern can be seen on the 1-hour time frame, possibly indicating a short-term reversal.
    Price has failed in its last two attempts to break below the $645 level, creating a double bottom formation.

Bitcoin price has formed a double bottom on its 1-hour time frame but has yet to break above the neckline before confirming the reversal.

READ MORE : http://www.newsbtc.com/2016/07/29/bitcoin-price-technical-analysis-07292016-potential-reversal/
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