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#35
Bitcoin Resistance Rises to $8,460 After Unconvincing Breakout.

Bitcoin (BTC) saw small gains last night, but the weak move did little to further the bull case.

The target resistance level to beat yesterday (long-term descending trendline) was $8,285. A high volume close (as per UTC) above that mark would have signaled a long-term bullish trend reversal.

The daily chart below shows bitcoin closed yesterday at $8,273 on Bitfinex, meaning the breakout remained elusive. However, a new 24-hour candle (as per UTC) opened above the descending trendline support (seen today at $8,230), creating a false picture of a bullish breakout.
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RE: ____▁▂▐ ▅ ▆ ▇ █ ƛƖƦƊƦƠƤ ƁƠMƁЄƦ █ ▇ ▆ ▅▐ ▂▁____ - by Airdrop BOMBER - 04-21-2018, 07:42 AM

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