Bitcoin Price Weekly Analysis – Can Double Bottom Push BTC/USD Higher?
Bitcoin price traded down this past week vs the US dollar, but is looks like BTC/USD is now forming a bullish pattern, which may push it higher. Key Points. Bitcoin price declined sharply this past week, as it traded lower not only against the USD but also vs the ETH. There was a downside move towards the $435 support level, which prevented further losses. There is likely a double bottom pattern formed on the hourly chart (data feed from Bitstamp) of BTC/USD, which may push the price higher. Bitcoin Price – Recovery Likely? Bitcoin price managed to recover after trading as low as $435 vs....
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