Bears remain fully in control of Bitcoin price, yet somehow, the $6,000 support is holding…for now. Bitcoin Price: 4-Hour Chart After posting a daily high at $6,460, bitcoin price fell below the wedge formation and constant rejections at the 20-MA have kept BTC in the pattern of lower lows. Eventually, a bear flag formed and BTC continues to lose the hourly uptrend after every bull break so traders should either hold their powder or place tightRead MoreThe post Bitcoin Price Analysis: Just Another Pump-Fake or Will BTC Breakout? appeared first on Bitcoinist.com.
