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Title: [2016-08-21] Bitcoin Price Weekly Analysis –BTC/USD Poised For Gains Post by: Strongkored on August 21, 2016, 06:52:46 AM NEWS BTC - Bitcoin Price Weekly Analysis –BTC/USD Poised For Gains
Key Points 1. Bitcoin price after trading in a range for some time against the US Dollar started moving higher. 2. There was a crucial contracting triangle pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which was broken during the recent upside. 3. The price is also above the 100 simple moving average, which is a positive sign for buyers. Bitcoin price broke a major resistance zone versus the US Dollar, and currently looks poised for more gains in the near term. READ MORE >>> http://www.newsbtc.com/2016/08/21/bitcoin-price-weekly-analysis-btcusd-poised-gains/ (http://www.newsbtc.com/2016/08/21/bitcoin-price-weekly-analysis-btcusd-poised-gains/) |