Bitcoin Price Technical Analysis for 22/5/2015 - Roof Hit

Bitcoin Price Technical Analysis for 22/5/2015 - Roof Hit

Continuing with its upward price action, Bitcoin has hit the near-term ceiling and now awaits a positive trigger to breach through. Bitcoin has advanced from yesterday's $234.39 to the current $236.10. As the cryptocurrency hits a roadblock, it is only helpful to know a proper course of action in the highly volatile Bitcoin market. Technical analysis of the 240-minute BTC/USD price chart indicates that booking out of long positions would be the wise thing to do. Bitcoin Chart Structure - The chart structure above reveals that Bitcoin is kissing the resistance zone, and a breakout on the....


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Bitcoin jumping through the roof - Why?

The Bitcoin price has increased rapidly in the last hour, jumping from $580 to more than 710 USD. There is obvious some speculation taking place but on what information? Read our earlier post: "Bitcoin Technical Analysis Indicates Near Mid Cycle Low". Bitcoin LEAP. This is a part of the Cryptocurrency Investment Club by CryptoCoinsNews.com. Join our FREE and EXCLUSIVE Cryptocurrency Investment Club! LIMITED memberships. Receive BREAKING NEWS INSTANTLY and weekly analysis of different cryptocurrencies + much more.