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Bitcoin Price Technical Analysis for 01/06/2017

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Bitcoin Price Technical Analysis for 01/06/2017

Bitcoin Price Technical Analysis for 01/06/2017*/

– Bitcoin Price Key HighlightsBitcoin price made a sharp much-needed tumble after price hit record highs around the $1200 area.As predicted in an earlier article, that long-term resistance level is likely to inspire a lot of profit-taking that might unwind the cryptocurrency’s gains.Price is still trending higher on the daily chart, though, and bulls might be eager to hop in the climb at these bargain prices.
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Newsflash: Bitcoin Price Takes a Steep Fall Below $1000

Newsflash: Bitcoin Price Takes a Steep Fall Below $1000*/

– Update: Today’s price low has been corrected from the earlier reported $887 to $885.41.After months of a sustained bullish rally, bitcoin price has swung to a significant slump, hitting a low of $885.41 on the Bitstamp Price Index (BPI) today.The dramatic drop comes within a day of bitcoin inching close to its all-time high.
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