Bitcoin Ichimoku cloud reassures as BTC price bounces from 4-month low
BTC price action attempts to recover from the start of Mt. Gox transfers, but analysis argues the need to wait for longer-term confirmation of trend change.
Bitcoin sought a rebound into the July 5 Wall Street open as the market digested the start of Mt. Gox reimbursements.
Data from Cointelegraph Markets Pro and TradingView tracked a 3.8% Bitcoin (BTC) price rebound from lows of $55,550 on Bitstamp.
This represented the lowest levels for BTC/USD since late February, as liquidations mounted and sentiment fell close to “extreme fear.”
BTC price action attempts to recover from the start of Mt. Gox transfers, but analysis argues the need to wait for longer-term confirmation of trend change.
Bitcoin sought a rebound into the July 5 Wall Street open as the market digested the start of Mt. Gox reimbursements.Data from Cointelegraph Markets Pro and TradingView tracked a 3.8% Bitcoin (BTC) price rebound from lows of $55,550 on Bitstamp.This represented the lowest levels for BTC/USD since late February, as liquidations mounted and sentiment fell close to “extreme fear.”Read more