Bitcoin price after a decline this past week against the Chinese Yuan and the US Dollar started consolidating. The BTC/CNY pair is now back above 6600 and range trading.
The price during the recent recovery traded as high as 6850 where it found resistance, and later moved down to break a bullish trend line formed on the hourly chart of BTC/CNY (data feed via BTCCHINA) at 6800.
Bitcoin Price Resistance
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