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Author Topic: [2016-03-28]Bitcoin Price Technical Analysis – Looking To Buy BTC?  (Read 168 times)
Blawpaw
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March 28, 2016, 07:55:41 PM
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Bitcoin Price Technical Analysis For 03/28/2016 – Looking To Buy BTC?

itcoin price finally managed to pop higher, and the biggest positive was the fact that BTC/USD moved above a major resistance area of $420. Once the price broke the stated level, there was a spike towards $427, which clearly shows how important was the resistance zone. The price is currently correcting and moving down, but the bears have to be careful if they are planning to sell BTC versus the USD.

There is a crucial bullish trend line formed on the hourly chart (data feed from Bitstamp), which may act as an important support area and also a buy zone...

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