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Bitcoin begins forming bullish technical formation — is the bottom in?
Bitcoin has been struggling to find any significant and sustained buying pressure in the time following its retrace from its late October highs of $10,600, but its recent surge from lows of $6,500 was the first time in weeks that bulls put up a significant fight against bears. Analysts are now noting that the price action that has come about over the past several days may be shaping up to be a bullish technical pattern that typically marks the bottom of downtrends. Naturally, this begs the question: is Bitcoin’s bottom in? Bitcoin Finds Support at $7,000, But Momentum Falters At the time of writing, Bitcoin is ... (full story)
