Bitcoin Price Analysis: Are Oversold Bounces Leading the Market Higher?

Оригинал: https://bitcoinist.com/bitcoin-price-analysis-are-oversold-bounces-leading-the-market-higher/

Bitcoin is making a slow and steady recovery toward $7,000. Has bearish market sentiment alleviated? Or, are the current gains simply the result of a market‐wide oversold bounce?

On Thursday, BTC broke through the $6,450 resistance and proceeded to reach a weekly high just shy of $6,600. This was prior to a  brief pullback to $6,400. The weekly chart shows Bitcoin (BTC) 00 about to set a higher low. After last week’s break from this pattern, a few more weeks of higher lows will be required to determine if a trend change is in order.

Читайте далее на bitcoinist.com →