Bitcoin Price Rockets: Yearly Highs Next?
It seems that every day over the past couple of weeks we have seen strength in the bitcoin price. When we spiked down through the $200 mark at the end of August, it looked as though bitcoin was in for a tough final quarter - how quickly things change. A look at the daily chart reveals just two days of decline from the last 19 days of action, and we are now trading just shy of 2015 highs. One more push up and we could carve out fresh highs - something that in itself could translate to some further upside momentum going forward. So, with this said, let's take a look at the levels we are....
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Bitcoin price is setting its sights on the yearly highs at $780 as bulls continue to gain traction. Bitcoin Price Key Highlights. Bitcoin price staged a remarkably strong rally yesterday after a brief pullback to an area of interest highlighted in the previous article. Price is just a few points away from the yearly highs around $780, at which profit-taking could take place. Technical indicators are showing that the rally could carry on. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is still to the upside. The gap between the....
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