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Author Topic: [2016-06-05]Bitcoin Price Weekly Analysis –BTC/USD To Break $600?  (Read 228 times)
Blawpaw (OP)
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June 05, 2016, 08:21:15 PM
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Bitcoin Price Weekly Analysis –BTC/USD To Break $600?

Bitcoin price grinded higher this past week vs the US Dollar and gained a lot of strength. The last 10 daily candles are impressive and suggesting that the BTC bulls are in control. The price broke an important resistance area near $550, which may now act as a support area if BTC/USD moves down from the current or higher levels. As mentioned, there is a bullish trend line formed on the daily chart (data feed from Bitstamp) of BTC/USD, which acted as a reason for the upside surge...

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