Bitcoin gains 4.44% against the US Dollar in the beginning of February 2015

February 3, 2015 3:19 pm Published by 1 Comment

Bitcoin vs dollar btc usd trend move price chart pivot pointBitcoin, you can do better than that

At the end of last month I posted a quick overview on the price of Bitcoin and what it may have in store for us next month. We’re currently three days into February and BTC has gained a measly 4,44% after some insignificant downward movement that didn’t break any major support levels for us.

Bulls getting stronger

The daily pivot point along with three solid resistance levels have all been broken through today and the market is continuously making higher lows which indicates that the bulls have finally gotten bold enough to start a run. My advice to bulls is to stop being afraid and move upwards horns first because February the 3rd has thus far been very friendly for us, bulls.

 

We can expect some drawback soon, but it is not likely to do much damage. If anything, we will have an even better opportunity to open another long position.

 

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This post was written by ynef