Bitcoin Price Weekly Analysis - $350 is in Sight?
Bitcoin Price Key Highlights. The Bitcoin price continued to rocket higher and our bullish bias paid off in the near term. There are many positive signs emerging for the price and the idea of buying dips is still a good option. Bitcoin price traded above the $300 level and it looks like it might test the $350 area if buyers stay in control. Buyers to take the price higher? The Bitcoin price surged higher this past week, as the 4-hours chart clearly speaks a lot about how buyers were in control. The price broke a monster resistance area of $300 and the price even closed the week above the....
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Yesterday we analyzed the bitcoin market from a weekly perspective and saw that we are, in all likelihood, very close to the beginning of a bull market. However, the weekly chart is unclear about whether or not there may be another week of selling. My analysis and the charts you see herein are based upon bitcoin price as reflected on Bitstamp. Daily Chart - Bearish Setup. Today we will look at the daily chart of the bitcoin market to get a closer look at what the charts are telling us. Here I have elected to use an eight candle bearish setup from the June 2014 high. Note first of all that....