Bitcoin is solidly bid at six-week highs and could soon witness a short-term bearish-to-bullish trend change.
Bitcoin (BTC) could soon test $6,400, having seen a high-volume reversal from the two-week lows hit yesterday.
A charting pattern suggests the bitcoin price might be able to successfully defend $6,000, despite a tug-of-wars between bulls and bears of late.
Bitcoin risks falling below $6,000, the bearish continuation pattern seen no the hourly chart indicates.
Litecoin is reporting gains on Wednesday, following news that its foundation has acquired a stake in a German bank.
Despite the recent downturn, BTC could create a major bullish reversal pattern over the next few days.
A daily close (as per UTC) below 10-day moving average would abort bitcoin's short-term bullish view.
It's been a standoff between the bitcoin bulls and bears over the past few days, but the bulls might getting ready to take charge.
BTC is showing signs of exhaustion near a key resistance zone, still, the short-term outlook remains bullish.
CoinDesk's looks at bitcoin's price performance over Q2 2018, finding that the crypto asset underperformed according to historical data.