Bitcoin Weekly Forecast: BTC Won’t Go Quietly, Risk of Bounce Grows

Bitcoin Weekly Forecast: BTC Won’t Go Quietly, Risk of Bounce Grows | NewsBTC

After forming a base above $7,000, bitcoin price climbed above the $7,500 resistance against the US Dollar. The price is currently correcting gains and it is trading below the $7,440 level. There is a major contracting triangle forming with resistance near $7,520 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).