Bitcoin Price Technical Analysis for 09/09/2016 – Break and Retest?

Bitcoin price is pulling back from its recent breakout but the nearby inflection points could hold as support.
Bitcoin Price Key Highlights
Bitcoin price recently made an upside break from its bullish continuation pattern, signaling that buyers are ready for more gains. Price seems to be pulling back to the broken short-term resistance before regaining momentum. There are plenty of support levels located nearby and these might be enough to keep the uptrend intact. Bitcoin price is pulling back from its recent breakout but the nearby inflection points could hold as support.

This post was published at NewsBTC on September 9, 2016.

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