Bitcoin Price Weekly Analysis – BTC/USD Remains Buy Dips

Bitcoin Watch Shop

Key Points

  • Bitcoin cost climbed aloft this past week opposite a US Dollar, and now display a lot of bullish signs.
  • There was a bearish trend line on a hourly draft (data feed from Bitstamp) of BTC/USD, that was damaged during a upside drift.
  • Buying dips sojourn a good choice in a brief term, as prolonged as a cost stays above $440.00.

Bitcoin cost grinded aloft this past week and pennyless a vital insurgency area. There are transparent signals for some-more gains in BTC/USD relocating ahead.

Bitcoin Price- Are we looking to buy?

Bitcoin cost climbed higher this past week opposite a US dollar and pennyless a few critical barriers on a approach to set a gait for some-more gains. BTC/USD buyers also privileged a bearish trend line on a hourly draft (data feed from Bitstamp), that can be seen as a bullish pointer and competence take a cost serve higher. Currently, a cost is struggling nearby a $457-60 insurgency area and confronting offers.

So, there is a possibility of BTC relocating down a few points before climbing once again. If we are looking to buy, afterwards an initial support on a downside is around a 50% Fibonacci retracement turn of a final call from


Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
BTC: 1FVCSiK2ErerjH1kBP4VLS5LqR3YzmVeXf
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824