Bitcoin Price Weekly Analysis – BTC/USD Sighting More Gains?

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Key Points

  • Bitcoin cost managed to stand aloft this past week opposite a US Dollar, and looks set for some-more gains.
  • There was a bearish trend line mangle remarkable on a on a 4-hours draft (data feed from Bitstamp) of BTC/USD, that is a certain sign.
  • The cost also changed above a 100 elementary relocating normal on a 4-hours draft during a upside move.

Bitcoin cost recently changed above a vital insurgency area, and if a stream mangle is true, there are chances of some-more upsides in BTC/USD.

Bitcoin Price Break

Bitcoin cost started to pierce higher this past week opposite a US Dollar and pennyless a vital insurgency of $680. The best partial is that a cost also sealed above a 100 elementary relocating normal on a 4-hours chart. There was a bearish trend line on a 4-hours draft (data feed from Bitstamp) of BTC/USD, that was also privileged during a upside move.

Moreover, a cost also staid above a 50% Fib retracement turn of a final dump from a $780 high to $540 low, that is a bullish pointer in a brief term. All these signs advise that a BTC competence continue to benefit gait opposite a US dollar, and competence trade towards


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