Bitcoin Price Technical Analysis for 6/4/2015 – Breakout City

By April 5, 2015Bitcoin Business

After ending last week in a consolidation range, bitcoin is starting this week with a bullish breakout. (click to enlarge) There are two breakouts we can see in the 1H chart.
1) The first breakout was during the turn of the month after a few sessions of coiling. At the end of last week, price started to cross above the cluster of 200-, 100-, and 50-hour simple moving averages (SMAs). BTCUSD ended the week […]

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