After a steep decline in price action, Bitcoin finally finds some short-term relief from the bearish pressure that has seen price levels drop from $9,600 to $7,600 within a few days. Bitcoin 4-Hour Price Analysis On the 4 hour XBT/USD chart, we can see that price levels have rapidly declined resulting in Bitcoin dropping $2,000 within the space of a few days. Since then, short-term price action has formed a wedge that has clearly brokenRead MoreThe post Bitcoin Price Analysis: BTC Bulls Need to Break Key 50MA Resistance appeared first on Bitcoinist.com.
