BTC Update Wednesday 21 August

I found this awesome site, and now beginning to read it regularly. BitScan watches BTC and reports on its price action. This is Wednesday’s analysis of the BTC Price Action.

BTC Price Action for Wednesday 21 August 2013

The Bitcoin market has taken out $120, traded as high as $124, dropped back to re-test $120 as support and it has held. The article goes on to say that the price can go as low as $110 without losing its bullish sentiment.

The article concludes with a look at the daily chart and the head and formation pattern that harks to the price going to $155 soon, to fulfil the PA legacy. Go to and tell me what you think :)

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