Bitcoin Technical Analysis

24 thg 8, 2017

Bitcoin recently bounced back sharply after touching 3600$ support. Indicater showing mixed signals so bitcoin could gp either way. bitcoin price still moving above ascending trend line that held in july but there are signs that uptrend in weekening. The presence of risks continues to keep bitcoin price supported against other assets like stocks but the rising miners power for bitcoin cash threatens to keep hard fork issues in play
3900$ looking strong support at the moment and 4300$ considering to be a nice resistance. if it cross this resistance, bitcoin might be enter in bullish town towards 4500$ above. Trend Lines Marked on Chart

Good Luck!