Bitcoin Price Weekly Analysis – Can Buyers Make It?
Bitcoin price is showing a lot of positive signs. As long as it is above the 100 simple moving average (H4 chart) more gains are likely. Intraday Support Level can be $420. Intraday Resistance Level may be $445. Bitcoin price as mentioned found sellers near a major resistance area of $450 and corrected lower. However, there is a bullish trend line formed on the 4-hours chart (data feed from Bitstamp), which acted as a support and prevented any further losses. The price is now attempting to recover in the near term, and may trade higher moving ahead. It is currently trading near the 61.8%....
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Key Highlights. Bitcoin price continued to rocket higher in the tensed market, as there were a lot of inflows noted during this past week. There are many supports on the downside that are likely to act as a hurdle for sellers if the price moves lower from the current levels. Bitcoin price traded close to 300.00, and traded as high as 294.63 where it found sellers and moved a bit lower. We stated in the previous weekly analysis that Bitcoin price remains in an uptrend, and there is a high probability that price might continue to move higher. The price did move higher, as buyers remained in....