Buz Investors Gold vs Bitcoin Bitcoin prices have officially outpaced gold prices per ounce for the first time in the currency’s history. With the bitcoin price in 2017 trading above gold prices, you have a day that cryptocurrency
CRYPTOCURRENCY BUZZ

US Dollar Bitcoin – Forecast

US Dollar Bitcoin – Forecast

Currency T+1
USDBTC

Usdbtc

  • Bitcoin price after a strong correction found support at $2040 against the US Dollar, and started a recovery.
  • There is a monster ascending channel forming with support at $2260 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
  • The price may soon gain momentum and break $2700 for a move towards the last swing high at $2970.





 

US Dollar Bitcoin

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Bitcoin price corrected lower from $2970 against the US Dollar, and now BTC/USD is back above $2400 and looking for a move towards $3000.

In the last weekly analysis, I highlighted the chances of Bitcoin price moving towards $3000 against the US Dollar. The price did break $2880 and moved towards $3000. However, there was no complete test of $3000, as the price traded as high as $2970. Sellers appeared and ignited a downside move below $2900. A correction wave started and the price fell sharply below the $2500 and $2300 supports.

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Jadtecnic
Richard Dambrosi (JADTECNIC) Has Been Sharing Forex Analysis Trending Markets News since 2011. Editors and Founder of InvestorsBuz.com , has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars , Electric Cars, Medical Marijuana , 3d printing and Cloud computing , Refers to Readers as BUZ INVESTORS.

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