Bitcoin – Rising Channel Signaling a Bullish Reversal

By May 25, 2015Bitcoin Business

Trend Shifting:

Bitcoin price action turned shifted from a downtrend to a sideways one at the end of January. However, in March it tried to continue the bearish trend without success because it rebounded at the end of April. Last week, the cryptocurrency started to shift from the sideways mode into a bullish one. With a rising channel seen in the 1H chart, btcusd is signaling a bullish reversal. Bullish Conditions:

Note that in the […]

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