Bitcoin Falls After Failing To Create a Higher-High

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In Brief
  • -Bitcoin's upward trend has begun to show weakness.

  • -The price is in the process of completing an evening star pattern.

  • -The next lower support areas are found at $10,700 and $10,300.

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On July 30, Bitcoin (BTC) seemingly began another rally but was stopped before reaching the previous high, creating a long upper-wick in the process. The price has broken down from a short-term ascending support line and looks to be heading towards the closest support areas. Bitcoin Evening Star Confirms Weakness The Bitcoin price reached a high of $11,394 on July 27. After a brief
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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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