Bitcoin Price Technical Analysis for 3/6/2015 – This Could Be a Good Shorting Opportunity!

By June 2, 2015Bitcoin Business

Bitcoin has risen more than 1% since yesterday as short sellers book partial profits near the bulls’ mansion. However, this advance is not a reversal but rather an opportunity to create fresh short positions in the cryptocurrency. Bitcoin is now valued at $225.46. Image: https://www.tradingview.com/x/JGZYEAUY/

Below has been presented the latest technical considerations derived from the 240-minute BTC-USD price chart.

Bitcoin Chart Structure – After taking support from near $220-levels, Bitcoin rallied to $226.48 […]

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