Bitcoin Price Weekly Analysis – Can BTC/USD Break Higher?

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Key Points

  • Bitcoin cost after relocating down towards a $600 turn opposite a US dollar found support and started recovering.
  • There is a bearish trend line shaped on a on a 4-hours draft (data feed from Bitstamp) of BTC/USD, that is now behaving as a insurgency area.
  • Only a mangle and tighten above a 100 elementary relocating normal (H4 chart) could trigger some-more gains in a nearby term.

Bitcoin cost is now struggling to mangle a vital insurgency area opposite a US Dollar, that competence light a subsequent pierce in BTC/USD.

Bitcoin Price Next Move

Bitcoin cost mostly traded with a bearish tinge opposite a US Dollar this past week, and each try to scold aloft was seen as a sell opportunity. The BTC/USD span even traded as low as $605 before starting a correction. The cost is now trade nearby a major insurgency area, that is in a form of a bearish trend line on a on a 4-hours draft (data feed from Bitstamp) of BTC/USD.

The many critical partial is a fact that a 100 elementary relocating normal (H4 chart) is also positioned around a trend line resistance. Moreover, a 50% Fib retracement turn of a final dump from a $705 high to

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