The downtrend for bitcoin is technically over, after we rallied over $50 dollars from the lows reached on August 25th. Prices are now closing in on the important $250 mark again. Meanwhile Litecoin is still in its downtrend and currently fighting with an important resistance level.
Bitcoin Closing in on $250 Again
Bitcoin prices are again flirting with the $250 dollars level. This important figure was the starting point for the rally at the end of June. On the way down, a breakdown below $250 triggered a crash of $32 dollars. With BTC/USD coming up to this figure again, it’s likely that this important level will act as resistance again.
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