Bitcoin Continues Retracement, Finds Support Above $9,600

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In Brief
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The Bitcoin price has been gradually increasing inside an ascending channel since the rapid decrease on June 2. The price is expected to reach the closest resistance area, found between $9,700-$9,800. Bitcoin has been increasing since heavy losses on June 2, when the price reached a low of $9,266. Yesterday, the price broke out from the $9,550 minor resistance area and has been moving
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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