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Bitcoin Price Watch: BTC Likely Preparing For Bullish Ride

Bitcoin Price Watch: BTC Likely Preparing For Bullish Ride | NewsBTC

Bitcoin price is placed nicely above the $3,965 and $3,980 support levels against the US Dollar. There is a short term triangle forming with resistance at $4,045 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move higher towards $4,250 if there is a clear break above $4,080.

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