Bitcoin Price Technical Analysis for 06/29/2016 – Triangle Breakdown!

Bitcoin price broke below its triangle support to indicate that the selloff isn’t over yet.
Bitcoin Price Key Highlights Bitcoin price was trading inside an ascending triangle pattern as illustrated in a previous article. Price broke below support, indicating a pickup in bearish momentum and a likely drop to the triangle lows around $580. Technical indicators are also suggesting that further declines are possible. Bitcoin price broke below its triangle support to indicate that the selloff isn’t over yet.

This post was published at NewsBTC on June 29, 2016.

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