Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on October 18, 2018, 06:08:37 PM
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Bitcoin (BTC) is again trading in a narrowing price range above $6,400, but the lateral trading may soon give way to a rally, according to technical studies. The price consolidation comes after Monday's big spike to three-week highs above $6,800, which weakened the bearish case put forward by last Thursday's violation of key support. So far, however, a bullish follow-through has not materialized, possibly because buyers are waiting for a more credible evidence of bearish invalidation. See more for yourself here (https://www.coindesk.com/bitcoin-price-eyes-triangle-breakout-above-6-4k/).