Bitcoin Price Weekly Analysis – BTC/USD Top Formed

Key Points Bitcoin price traded nicely higher above the $1200 resistance against the US Dollar before finding sellers. The BTC/USD has broken a bullish trend line at $1224 on the 4-hours chart (data feed from SimpleFX), and currently finding support around another trend line. The price is currently above the 100 simple moving average (H4)
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Source: Bitcoin News

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