View full page at cryptocraft.com

 

Bitcoin Price Recovery Continues Above $7,500 In Thinly Traded Market

From fxdailyreport.com

The price of bitcoin (BTC/USD) continued with its recovery on Thursday to recover Monday’s losses that saw its bottom at a new multi-month low of about $6,540. The price of the pioneer cryptocurrency has since rallied to top $7,500 and was on Thursday evening trading at $7,575. The bitcoin price appears to have recently completed an inverted head-and-shoulders reversal pattern following an extended period of declines that dates back to the start of this month. The price of bitcoin has managed to recoup the losses incurred between November 21st and 25th during a thinly trading period that culminated with the ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis