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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2016-05-15]Bitcoin Price Weekly Analysis – Can BTC/USD Gain Momentum?
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Blawpaw (OP)
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May 15, 2016, 02:57:39 PM
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Bitcoin Price Weekly Analysis – Can BTC/USD Gain Momentum?

Bitcoin price gained bids this past week vs the US Dollar and traded as high as $464, but it could not sustain the bullish bias. The price moved down once again, but thankfully, there is a monster bullish trend line formed on the 4-hours chart (data feed from Bitstamp) of BTC/USD that prevented the downside move. The price also found bids near the 100 simple moving average on the 4-hours chart...

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