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Bitcoin Price Analysis July 15

bitcoin social trading

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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