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Bitcoin (BTC) Long-term Price Analysis

From cryptoglobe.com

Bitcoin’s market value has seen a sharp and tremendous increase this week. The cryptocurrency made strong northbound movements after making corrections caused by the bears’ selling pressure. The bulls now seem to be in control of the market. BTC was in bearish condition while its price traded from $6,800.00 down to around $6,200.00. On July 15, the cryptocurrency made a short bullish Japanese candlestick that symbolized the starting point of the market’s current trend. On July 16, the bulls gathered their strength and pushed the cryptocurrency to the distribution territory of $6,800.00. Subsequently, the distribution ... (full story)

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  • Category: Fundamental Analysis