RATE Group | BTC Price Analysis: Here’s a Little More Confirmation
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BTC Price Analysis: Here’s a Little More Confirmation

02 Sep BTC Price Analysis: Here’s a Little More Confirmation

Posted at 01:17h in Bitcoin News by

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Bitcoin continues to provide its followers with pleasant surprises, and today’s move above the $7,100 resistance could open the door for gains to $7,500. 

Bitcoin Price Market Overview

This morning Bitcoin traders were greeted with a pleasant weekend surprise…

No, not that type of surprise. Well, at least not for us at Bitcoinist as we are furiously working around the clock to bring you quality breaking news.

Anyhow, Bitcoin finally broke through the $7,100 resistance with gusto before taking a quick breath at $7,262. In the lead up to today’s upside move, BTC 00 pulled off a high volume spike from the key support at $6,815 where BTC continuously was rejected slightly above $7,100. Sentiment wise and from a technical standpoint, the last 3 weeks have seen BTC approach what appears to be a turning point and today’s move above a key resistance provides BTC with a much-needed bump in momentum — and further confirmation that Bitcoin may have reached a final bottom and…

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