Bitcoin Price Analysis

Bitcoin Price Analysis: Bulls Ready to Charge Again?

Bitcoin looks prime for a test of its double bottom neckline, and a break higher could confirm a potential uptrend. The neckline is located at $7500 and the chart pattern is around $1000 tall, so the resulting climb could be of the same height. The 100 SMA is still below the longer-term 200 SMA, though, so the path of least resistance is to the downside. In other words, the downtrend is still more…
Read more