Bitcoin Price Weekly Analysis – BTC/USD Short-term Bullish?
Bitcoin price may be short-term bullish against the USD. Let’s have a look at the charts and try to find out how BTC/USD can be traded moving ahead. Bitcoin price continuously found bids near the $405-07 support area against the US Dollar and finally managed to trade higher. BTC traded positively against the USD and even closed above the 100 simple moving average on the 4-hours chart (data feed from Bitstamp). BTC/USD may continue to trade higher, as the bulls managed to push the price above the 50% Fib retracement level of the last drop from the $428 high to $407 low. There are currently....
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