Increased Acceptance Boosts Bitcoin Price Rally

By October 14, 2014Bitcoin Entertainment

Increased Acceptance Boosts Bitcoin Price Rally

Figure: Daily chart for BTC/USD Yesoption Review BTC/USD continues its uptrend, breaking through the resistance zone at $373 and is moving above the all-important psychological zone of $400. Support for the BTC/USD continues to remain near the $361 level. Traders should now watch out for the $427 level.

Momentum indicators for BTC/USD indicate buy. The stochastic oscillator is currently situated in the overbought zone but shows no signs of a reversal. The price action for […]

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