After several weeks of range-bound trading, bitcoin finally managed to string together some gains. Prices are up $34 dollars since bottoming out at $374.08 last Tuesday. Meanwhile its little brother Litecoin is gaining ground as well, albeit to a lesser extent. But let’s start with bitcoin first.
Bitcoin Downtrend Ends
During the weekend BTC prices broke past the $392.50 swing high, ending the previous downtrend. And today we look set to break to new highs as bitcoin enters rally territory. On the chart below this slow creep higher is clearly visible. What are some of the important levels to watch?
Read More https://blog.fxopen.com/bitcoin-enters-uptrend-after-rally/
