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Author Topic: [2016-05-08]Bitcoin Price Weekly Analysis – BTC/USD Remains In Clear Uptrend  (Read 216 times)
Blawpaw (OP)
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May 08, 2016, 07:03:26 PM
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Bitcoin Price Weekly Analysis – BTC/USD Remains In Clear Uptrend

Bitcoin price climbed higher this past week and traded towards the $470 resistance area against the US Dollar. The best part of the upside move was the fact that the price settled above the 100 simple moving average on the 4-hours chart (data feed from Bitstamp) of BTC/USD. Once the price closed above the stated MA, there was a sharp rise towards $465 where it found offers...

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