[2016-10-02]Bitcoin Price Weekly Analysis – BTC/USD Further Appreciation Likely

[BTCBinary]

Bitcoin Price Weekly Analysis – BTC/USD Further Appreciation Likely

Bitcoin price moved higher in a perfect 5-wave structure this past week versus the US dollar, and settled above the $600 level. The best part was the fact that the 61.8% Fib retracement level of the last drop from the $613 high to $581 low was cleared. It opened the gates for a full test of the last swing high. The price not only broke it, but also made a new high of $616...

http://www.newsbtc.com/2016/10/02/bitcoin-price-weekly-analysis-btcusd-appreciation-likely/