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Saturday, 27 December 2014

Bitcoin Breaks Above Consolidation; Resistance Factors Tested

livebitcoinnews posted a photo:


Bitcoin Breaks Above Consolidation; Resistance Factors Tested


Bitcoin fell from 523 last week to a low of 470 this week. After consolidating between 470 and 490 for a few sessions, price rallied sharply and broke above the consolidation range threatening the prevailing bearish outlook. Price has broken above the 100-, and 50-hour simple moving averages (SMAs), and the RSI pushed above 70. Also there is relatively strong volume on this rally. Read More






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