30 Nov '15, 8pm

Bitcoin Price Inching Further Up – Driving The Bulls Around The Bend? - https://t.co/M6P5OnLsC3 https://t.co/ABfwVE7HK2

Bitcoin price inched further up earlier today to record a high of around $383. Although bitcoin price managed to break the resistance point at 00:00, which corresponded to the line of intersection between the 1 x 1 Gann angle and the 0 Fibonacci retracement level (refer to yesterday’s analysis ), it dropped below the 1 x 1 Gann angle a few hours after shooting above this key resistance level. Bitcoin Price Moving Parallel To the 1 x 1 Gann Angle: By examining the 1 hour (BTC/USD) charts from Bitstamp and keeping the fibonacci retracements and the Gann angles we plotted during earlier analyses (look at the below chart), we can conclude the following: Bitcoin price rose to breach the resistance that corresponded to the point of convergence between the 1 x 1 Gann angle and the 0 Fib retracement level at 00:00 earlier today. However, the bulls weren’t able to keep bitcoin pric...

Full article: http://thebitcoinpro.com/bitcoin-price-inching-further-up...

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