2018-7-30 18:36 |
Bitcoin (BTC price) had another very strong week, with the ETF hype continuing to apply upward pressure to price action.
STRONG WEEK FOR BTC PRICE BULLS
Bitcoin price 00 punched through the 200 daily EMA early on Monday Morning, where it quickly became support and provided a Launchpad to the 1.618 Fibonacci target of $ 8,515 by Tuesday.
As shown on the weekly chart, all three previous crosses have led to significant bull runs and new all-time highs.
Where do you think BTC price is headed?
Images courtesy of Shutterstock, Tradingview.com, Bitfinex
The post BTC Price Analysis: Strong Weekly Close Favors Bulls appeared first on Bitcoinist.com.
Similar to Notcoin - Blum - Airdrops In 2024