Bitcoin Price Weekly Analysis –BTC/USD Poised For Gains
Bitcoin price broke a major resistance zone versus the US Dollar, and currently looks poised for more gains in the near term. Key Points. Bitcoin price after trading in a range for some time against the US Dollar started moving higher. There was a crucial contracting triangle pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which was broken during the recent upside. The price is also above the 100 simple moving average, which is a positive sign for buyers. Bitcoin Price Buy Dips. Bitcoin price earlier this past week traded a few points lower against the US Dollar.....
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