- Bitcoin price climbed higher this past week against the US Dollar, and currently showing a lot of bullish signs.
- There was a bearish trend line on the hourly chart (data feed from Bitstamp) of BTC/USD, which was broken during the upside drift.
- Buying dips remain a good option in the short term, as long as the price stays above $440.00.
Bitcoin price grinded higher this past week and broke a major resistance area. There are clear signals for more gains in BTC/USD moving ahead.
Bitcoin Price- Are you looking to buy?
Bitcoin price climbed higher this past week against the US dollar and broke a few important barriers on the way to set the pace for more gains. BTC/USD buyers also cleared a bearish trend line on the hourly chart (data feed from Bitstamp), which can be seen as a bullish sign and might take the price further higher. Currently, the price is struggling near the $457-60 resistance area and facing offers.
So, there is a chance of BTC moving down a few points before climbing once again. If you are looking to buy, then an initial support on the downside is around the 50% Fibonacci retracement level of the last wave from