Bitcoin Price Technical Analysis for 07/06/2016 – UK Troubles Bring Bulls Back

Bitcoin price got a boost from fresh concerns in the UK financial sector, leading traders to price in more uncertainty.
Bitcoin Price Key Highlights Bitcoin price appears to be showing a return in bullish momentum as it bounced off a nearby support zone. Bitcoin seems to be on track towards climbing to the top of its ascending channel on the 1-hour time frame. For now, price is still hovering around the mid-channel area of interest, waiting for a stronger surge in bullish momentum. Bitcoin price got a boost from fresh concerns in the UK financial sector, leading traders to price in more uncertainty.

This post was published at NewsBTC on July 6, 2016.