The Traderszone Network

Published in TZ Latest News 21 July, 2017 by The TZ Newswire Staff

Bitcoin (BTC/USD) Nears All-Time High on Spike Above Daily Chart Downchannel Resistance

Bitcoin (BTC/USD) crushed shorts yesterday, smashing above the daily chart’s downchannel resistance and soaring towards the all-time high around 3000.  With yesterday’s massive rally, the negative weekly MACD crossover has been proved a false signal.  Odds are quite good that a sustainable longer term BTC/USD bottom was found last week, especially with ETH/USD also strongly rebounding this past week.

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