On Aug 17, the Bitcoin (BTC) price created a bullish engulfing candlestick and broke out above its previous high. The higher prices could not be sustained, and BTC fell back below its breakout level the next day. Bitcoin’s Failed Breakout On Aug 17, the Bitcoin price broke out from the $12,000 area, which had been acting as resistance since the Aug 2 high. While the breakout initially
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