Bitcoin Showing Bearish Triple-Top After Another Rejection from $12,000

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In Brief
  • The Bitcoin price has possibly generated a triple-top

  • There is resistance between $12,000-$13,370 and support between $11,550-$11,250.

  • The price could be nearing the top of the B wave in an A-B-C correction.

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The Bitcoin (BTC) price increased gradually over the past week and reached a crucial long-term resistance area. The short/medium-term trend is showing weakness, indicating that a corrective move could transpire soon. Bitcoin Long-Term Levels The candlestick for the week of Aug. 10-17 created a bullish hammer and reached its highest weekly close since January 2018. BTC is still
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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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