Bitcoin Price Technical Analysis – Pulling Up to $600?

Bitcoin price could retrace to the $600 area of interest before resuming its drop to the recent lows.
Bitcoin Price Key Highlights
Bitcoin price is still in the middle of a correction from its latest dive, with buyers likely taking it back up to the nearby area of interest. The $600 level acted as resistance and support in the past, signaling that there are plenty of traders watching that area. Technical indicators are suggesting that the downtrend could carry on but that profit-taking may be in play for now. Bitcoin price could retrace to the $600 area of interest before resuming its drop to the recent lows.

This post was published at NewsBTC on 4:25 am August 5, 201.