Bitcoin (BTC) might finally be out of the woods this time as its price finds support at the 200 EMA on the weekly chart for BNC:BLX above in addition to its previous resistance turned support as well as the $5,800 support. This confluence of supports makes it very difficult for the bears to push the price lower from current levels. RSI is already trading in a falling wedge and is all set to break out of it in the weeks to come. Elliot Wave Oscillator on the above chart for Bitcoin (BTC) shows the price to have reached the extent of its downward momentum as the price consolidates above key support levels. The price ... (full story)