Bitcoin Price Key Highlights
Bitcoin price recently broke out of its descending channel to show that an uptrend reversal is underway.
Price hit resistance at $8450 and is gearing up for a pullback, possibly until the broken resistance.
This lines up with several inflection points, so plenty of limit orders may be located in this area.
Bitcoin price looks ready for a pullback to a key area of interest visible on the 4-hour time frame.
Technical Indicators Signals
The 100 SMA is still below the longer-term 200 SMA on this time frame, though, so the path
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