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Bitcoin Price Analysis: $10,000 Sees Bulls Accumulating
Since the recent drop from $11,000 t0 $9,800 as outlined in my previous analysis on BTC, price levels have created an asymmetrical triangle and will see a breakout next week. On the 1 hour chart for XBT/USD, we can see the asymmetrical triangle highlighted after the breakdown from the rising wedge as mentioned in my previous analysis on Bitcoin. An attempted breakout to the upside took around 24 hours before writing this analysis but was quickly met with large selling pressure. Since then, a clear spike to the upside propelling Bitcoin up to $10,800 took place. Price action now trades sideways resting on the 200 EMA ... (full story)
