Bitcoin Price Analysis: 4/25/2016

The upward Bitcoin trend continues. As long as that trend’s structure stays intact, the direction will remain upward.

Which price is the most risky for buying?

After bouncing off the next resistance line, Bitcoin’s price continues growing, which indicates that the bulls are holding the advantage.

Bitcoin Price Chart

The first signal for a turn to decline was the price fortifying at $446. However, since a turn didn’t happen, there is but one option and that is the continuation of the upward trend.

Thus, a new significant level has formed - $452. The mark with the largest accumulated trading volumes and the largest rebound si