Bitcoin Price Technical Analysis for 7/4/2015 - Head & Shoulders

Bitcoin Price Technical Analysis for 7/4/2015 - Head & Shoulders

When we entered the April 6th session, we saw bitcoin in multiple bullish breakouts since the end of last week. We also saw that despite these bullish signs in the 1H chart, the technical picture in the 4H chart was still bearish and offered a falling trendline to challenge the bullish attempts. Let's follow up on the technical developments in both time-frames. Bitcoin (BTCUSD) 1H Chart April 7. As we begin the April 7 session, we can see that bitcoin failed to extend above 262. Here are some observations, bullish vs. bearish: Bullish:1) Price is still holding above the 200-, 100-, and....


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