BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Technical Analysis

- Daily chart shows clear Clear resistance at Green zone and support around the Red Zone.

- Possible formation of Dynamic support forming with an up trending bias.

It is still early to tell however more confirmations of the Dynamic support line (Green Arrow) may reveal the formation of an ascending triangle .


News of MT GOX seems to have died out as reports suggest that no more sales will take place until September 2018.

Comment: Trend line invalidated.

Price re-testing support zone.
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