Bitcoin Price Weekly Analysis – BTC/USD Further Appreciation Likely
Bitcoin price broke a couple of important hurdles versus the US dollar, which has opened the gates for more gains moving ahead. Key Points. Bitcoin price managed to gain traction this past week versus the US dollar and settled above the $600 level. This past week’s highlighted bearish trend line on the 4-hours chart (data feed from SimpleFX) of BTC/USD was broken during the recent upside. The price remains in an uptrend, and buying dips may be considered in the short term. Bitcoin Price Trend Line Support. Bitcoin price moved higher in a perfect 5-wave structure this past week versus the....
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