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11/10/2014 11:46:48 AM

BitCoin - Technical Analysis: Monday, 10/11/2014 16:46 GMT



The price returns to resume the bullish trend after fluctuating around 76.4% Fibonacci level, and facing the exponential moving average 50 and needs to breach it at 375.00 to confirm the continuation of the bullish trend.

An inverted head and shoulders’ pattern was completed to reinforce the positive outlook

The next targets located at 500.00.


Target
Risk


Support
Resistance


Trend Bullish

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