Bitcoin Price Weekly Analysis – BTC/USD Further Gains Likely …

Key Points

  • Bitcoin cost surged aloft this past week contra a US Dollar to register a tighten above a $635 resistance.
  • There is a dwindle settlement combining on a 4-hours draft (data feed from SimpleFX) of BTC/USD, that might light another rally.
  • The cost might mangle a new high of $647 to plea a $650 turn relocating ahead.

Bitcoin cost is now in a bullish trend opposite a US Dollar, and it looks like a BTC/USD span might trade serve aloft this week.

Bitcoin Price Buy Dips

In a final weekly analysis, we settled that Bitcoin is a good buy on a dips opposite a US Dollar in a brief term. It looks like a thought did work as BTC cost managed to stand aloft and purebred a tighten above a $635 resistance. There was a good upside move, that took Bitcoin cost above a integrate of critical hurdles. There was a new weekly high posted during $647, and now a cost is consolidating.

There is a dwindle settlement combining on a 4-hours draft (data feed from SimpleFX) of BTC/USD. It might play a vital purpose in a brief term, and could hint nonetheless another rally. On a downside, a 23.6% Fib



Read more ... source:

Advertise on the Bitcoin News

NO COMMENTS