Bitcoin Price On A High Tension Wire

Bitcoin Price On A High Tension Wire

Bitcoin price is pushing higher once again but the market is struggling to make a new high since last week. Could this be the final push to resistance? The exchanges saw a bout of increased buying between 12h00 and 15h00 UTC when the bulls pulled price out of its ongoing two-day slump. At the time of writing the push has not produced a new high (since last week) in any of the exchange charts – with the exception of a nominal new high in the BTCC chart. The upside level to conquer is at $470 (Bitstamp) and 3000 CNY, shown in red in the 1-hour chart. Establishing trade above this long-term....


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