Thursday, October 19, 2017
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Bitcoin Price Breaks Above Resistance

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Bitcoin cost followed a bullion cost pierce that pennyless above insurgency today. The move, in both charts, comes as a warn and we have to adjust a outlook.

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Bitcoin Price Analysis

Time of analysis: 14h00 UTC

OKCoin BTC/USD 4-Hour Chart


From a research pages of, progressing today:

Bitcoin cost has pushed above a constraining trendline, and this eventuality invalidates a expectancy that cost was building a bottom for advance.

Interesting to note that a bullion cost surged above long-term support (at $1,150) only before to a bitcoin cost draft trendline breach. Gold cost is annotated in dark blue in a draft above (taken a few mins before to a bitcoin cost surge)

The call adult is retreat diverged to Jan cost highs during all timeframes from 1-day and smaller.

In a longer-term 4hr draft (above) cost appeared

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