Bitcoin is still trending higher inside its rising channel on the 4-hour chart and is about to test the resistance. Profit-taking at this level could still spur a pullback to nearby support zones. In particular, bitcoin might still retreat to the mid-channel area of interest at $5,600 or the 100 SMA dynamic inflection point. The […]The post Bitcoin Price Analysis: BTC/USD Careful of Countertrend Action appeared first on BitcoinerX.
