It’s Decision Time for Bitcoin as Technicals Suggest a Crucial Breakout Pattern
Bitcoin price is extending its rise above $10,750 against the US Dollar. BTC is now approaching a crucial breakout zone near $10,850, $10,920, and $11,000. Bitcoin started a decent recovery wave above the $10,550 and $10,650 resistance levels. The price was able to clear the $10,750 resistance and settled above the 100 hourly simple moving […]
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Bitcoin price may surprise, as there is a monster breakout pattern forming for BTC/USD on the higher timeframe chart that can ignite a major move. Key Points. Bitcoin price is on the verge of a monster explosion vs the US dollar, as there is a crucial breakout pattern formed. There is a bullish trend line formed on the weekly chart (data feed from Bitstamp) of BTC/USD, which is acting as a major support on the downside. On the upside, there a significant resistance near $465-470, which is preventing gains in BTC. Bitcoin Price – Trade With a Break. Many BTC traders are waiting for some....
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