Bitcoin Price Weekly Analysis - Downtrend Reversed
Bitcoin price dropped during the past week, to record a week low of $2,203 on Bitfinex yesterday, before the market's bulls took the upper hand again pushing price up to $2,475 as this analysis was being written. The support level around $2,262.62 which corresponds to the 23.6% Fibonacci retracement have resisted further price drops.
Note: To get familiar with my Fibonacci retracements and Gann Angls placements, kindly refer to my earlier analysis on Livebitcoinnews.com
By studying the 4 hour BTCUSD chart from Bitfinex, while plotting the MACD indicator and Williams Alligator (look at the below chart), we can conclude the following:
To read the whole analysis, kindly visit this link
Dang. thanks for the link, will click :///
You're welcome mate. Hope it is helpful.
I think it will turns back to its highest again before the weekend.
yes, totally agreed. I believe that we will surpass $3000 in less than a couple of weeks.
BTC rebounded allot sooner than expected im just holding anyway
This is always associated with crypto- currency. But it will go back to normal.
Sure to resteem this
@godswill
Well, I hope we go straight to the moon :)
Sure i hope so