Bitcoin Price Weekly Analysis –BTC/USD Above $700 Is Real?
Bitcoin price surge was amazing, but BTC/USD is reaching a point where the bulls need to be very careful moving ahead. Key Points. Bitcoin price continued to move higher and settled above the $700 mark against the US dollar. Many traders are in disbelief that the price surged this high in a short span of time. I think BTC/USD is due for a correction now looking at the weekly chart (data feed from Bitstamp). Bitcoin Price Resistance. Bitcoin price this past week traded above the $750 mark against the US Dollar, and was simply unstoppable. The last 4 weekly candles on the weekly chart of....
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Bitcoin price looks bullish on a higher timeframe chart like the weekly chart, but the BTC bulls must capitalize and take it higher. Key Points. Bitcoin price may trade higher vs the US Dollar, as it looks it broke a major resistance area. There was a contracting triangle pattern formed on the weekly chart (data feed from Bitstamp) of BTC/USD, which was broken during the recent upside move. The price is now above the 100-weekly simple moving average, which is a positive sign for the BTC bulls. Bitcoin Price Crucial Break. Bitcoin price managed to slowly climb higher vs the US dollar, and....
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