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Bitcoin Price Analysis: Will BTC/USD Increase Above $12,000 Again?
A look at the two-hour time-frame shows that since reaching the low mentioned above on July 30, BTC has been following an ascending support line. The recent decrease caused the price to reach the support line. This is the fifth time it has done so. Will it break down? Let’s go back and take a look at a longer-term time-frame to figure that out. A look at the daily chart shows that the Bitcoin price has begun to show signs of weakness. Starting on July 30, BTC created seven bullish candlesticks in a row. However, on August 6, BTC generated what looked like a bearish shooting star. Additionally, it was combined with ... (full story)
