2016/11/07 7:35 AM
Bitcoin price volatility has increased, building building intermediate price levels as support references for the next rally. So, get ready for another ride to the moon, because the bulls are preparing for another stampede.
Also read: Lawnmower: Industry-Grade Information for a Next-Gen Altcoin Exchange
Bitcoin Price Technical Analysis: $920 Rally a Likelihood
After confirming a strong bullish consensus, prices are building intermediate levels as support references for when the next rise to $820 takes place.
This further upward movement, if confirmed should increase volatility and create confusion, leading to a lot of profit taking action and false signals that could produce a lateral sideways market.
Using last June’s bullish movement as a reference, similar bullish signs allow the chance for another climb into an euphoric bubble, which should bitcoin price double quotes again to end…