Bitcoin Price Upward Technical Analysis for 24/1/2015
Bitcoin price resumed its upward movement today as it rose from around $232 to over $247 at the time of the writing of this article. The buying volume of today's market seems to be pushing the price towards the $256 resistance line. By studying the 4 hour Bitfinex BTC/USD charts from tradingview.com (look at the below chart), we can see that the trading day started by forming four bullish (green) candles which points to today's market buying power, so we are likely to see the price increasing even more later today. By plotting the "William's Alligator" indicator on the same charts as we....
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