Bitcoin appears to have finally broken out of the period of consolidation that has played out over the last week, as mentioned in a previous BTC analysis. Traders question the sustainability of this recent breakout as volume levels remain low. Bitcoin Hourly Chart Analysis On the 1 hour chart for XBT/USD, we can see the attempted breakout as the current market price breaches through the overhead resistance forming a clear asymmetrical triangle. It’s important toRead MoreThe post Bitcoin Price Analysis: Breakout Could Spur Bullish Reversal appeared first on Bitcoinist.com.
