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Bitcoin Price Watch: BTC Rebound Reaching Crucial Juncture

Bitcoin Price Watch: BTC Rebound Reaching Crucial Juncture | NewsBTC

Bitcoin price started a short term rebound and broke the $3,400 resistance level against the US Dollar. This week’s followed major bearish trend line was breached with resistance at $3,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is now approaching a few important resistances, including $3,475, $3,500 and $3,516.