-
BTC/USD: Inverted Head and Shoulders Forms
Bitcoin price held quite well on Monday as investors reacted to the actions in Washington during the weekend. The BTC/USD pair was trading at 28,000, the highest level in weeks.. It has jumped by more than 8.8% from its lowest level in September. Bitcoin strength continues Bitcoin has been in a strong upward trend after crashing to below $25,000 in September. It did well even as risks to the American and global economies escalated. Inflation is bouncing back, with the headline consumer price index (CPI) soaring to 3.7% in August. Analysts believe that inflation will be a thorn in the flesh as the price of crude oil ... (full story)