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Bitcoin Begins a Recovery and Overcomes Resistance
Whether Bitcoin has reached a bottom is highly debatable, but it is starting to show more bullish movements recently. After forming a 2018 low around $3100 on Saturday, the price has since recovered and trades currently around $3375. $3300 acted as a point of resistance during the decline, but price broke blow amid bearish conditions last Thursday. Price began bullish movements today after forming two consecutive Doji candles on the daily chart over the weekend. A Doji candle is a candle where the open and the close are around the same point and reflects uncertainty from the side of traders. Traders were likely ... (full story)