in

Bitcoin Price Intraday Analysis: BTC/USD Invalidates Bear Pennant

Bitcoin Price Intraday Analysis: BTC/USD Invalidates Bear Pennant

Bitcoin price on Thursday escaped its prevailing downtrend and appreciated close to 3 percent against the US Dollar. The BTC/USD started the day in support of the late-night breakout action from Wednesday, in which the pair broke above the symmetric triangle resistance – what could have been a bear pennant if the price had continued to its downtrend.

What do you think?

Leave a Reply

Markets Update: Ethereum Leads Strong Altcoin Rally

A New Line of Powerful ASIC Miners Is Coming to Ethereum