Bitcoin bounced right off of the key triangle support on all time-frames at $9,350 on the 30th of August causing bullish divergence to play out. Since then price levels have pumped to $10,700 as price levels near a key breakout point. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see where the price action has undergone a short-term reversal. The reversal was initiated off a key support level at $9,350, asRead MoreThe post Bitcoin Price Analysis: Bullish Divergence Causes Price Levels To Pump appeared first on Bitcoinist.com.
