01-02-2018 05:01 via newsbtc.com

Bitcoin Price Technical Analysis for 02/01/2018 – Bearish Pullback Opportunity

Bitcoin Price Key HighlightsBitcoin price recently broke below its symmetrical triangle pattern an hit a low of $9,763.20.
Price seems to be finding some support from here, so a pullback opportunity may be underway.
Applying the Fib tool on the breakout move shows the potential resistance levels.Bitcoin price made a bearish breakout from a consolidation pattern, but a correction seems imminent to the nearby Fib levels.
Technical Indicators Signals
The 100 SMA is crossing below the longer-term 20
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