The slow rally in bitcoin prices continues. In the past seven days everyone’s favorite crypto-currency advanced by $10 dollars or 2.2 percent. This is having a positive impact on most of the altcoin market. Litecoin for example is up by 32 cents or over 8 percent.
Slow Bitcoin Rally Continues
The slow rally in BTC/USD continues. Like we mentioned above the gains are not very large at around 2 percent this week, from $445 to $455 dollars per coin. On the technical front not much is changed. The small percentage move hasn’t broken any major levels. The short-term trend is bullish as is the medium-term trend. The long-term trend (monthly charts) is still in neutral mode.
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