Bitcoin Price Weekly Analysis – Can BTC/USD Gain Momentum?

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Key Points

  • Bitcoin cost traded aloft this past week vs a US Dollar, though unsuccessful to say a gains.
  • There is a beast bullish trend line shaped on a 4-hours draft (data feed from Bitstamp) of BTC/USD, that is behaving as a support area and holding a downside.
  • The cost is above a 100 elementary relocating normal on a 4-hours chart, that is a certain sign.

Bitcoin cost traded as high as $464 recently where it found sellers. Moving ahead, as prolonged as a trend line holds, BTC might trade aloft once again.

Bitcoin Price- Trend Line Support Importance

Bitcoin cost gained bids this past week vs a US Dollar and traded as high as $464, though it could not means a bullish bias. The cost changed down once again, though thankfully, there is a beast bullish trend line shaped on a 4-hours draft (data feed from Bitstamp) of BTC/USD that prevented a downside move. The cost also found bids nearby a 100 elementary relocating normal on a 4-hours chart.

BTC is once again attempting to trade higher, though it is confronting sellers nearby a 50% Fibonacci retracement turn of a dump from a $464 high to $447 low. A mangle above a mentioned fib


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