Bitcoin price finally broke out of a ten day consolidation above $3,500 this morning, having held the 38.2% retracement level for the majority of last week. We take a look at what this means going into the week. Bitcoin Price: Weekly Chart The weekly Bitcoin price chart shows that bitcoin bulls defended previous resistance of $3536, turning it into support and never needed to rely upon the 200-week MA, which is rising quickly towards keyRead MoreThe post Bitcoin Price Analysis: BTC Bulls Charge Towards $4,000 appeared first on Bitcoinist.com.
