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Bitcoin Price Analysis July 15

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Following our previous Bitcoin price analysis, the formation of an inverse Head and Shoulders pattern is still alive, keeping the ‘low’ of the shoulders at around $6100.

As of now, though resistance level at $6400 – including the resistant line along with Moving average 50 days and 200 days (pink and purple lines). Afterwards, the $6600 resistance line lies, and the major $6800, which is critical for the H&S pattern.

From the bear side, $6130~ and $6000 are the nearest support lines.

BTC/USD BitFinex 4 Hours chart

BTC July 15

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