Bitcoin Price At a 2016 High

Bitcoin Price At a 2016 High

Bitcoin price has been traded through resistance – an initial sign of a larger wave of advance. A few cautions remain as we await additional confirmation that resistance has become support. A terrific wave of advance has breached the upper boundary of the resistance ceiling and, at the time of writing, there is profit-taking just below $480 (Bitstamp), $500 (OKCoin Futures) and 3000 CNY. Last year’s November high remains as the final frontier to a new high 18-month high. The indicators are severely overbought – and diverging – at all timeframes below 4-hour, but this is often the case....


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