Bitcoin has seen a recent rise to a weekly high of 461.62. May 02 2016 saw a weekly high volume of 4642.36 BTC and a change of -1.32% in a single 4 hour red candle. With the latest upward swing some traders are buoyed seeing that bitcoin could soon reach a $500 price.
The weekly trend is up.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The range is the difference in price within the period:
Bitcoin is up 1.46% on the day, up 1.48% on the week and up 8.70% on the month. The weekly trend is up. BTCUSD saw weekly support at 440.10 and weekly resistance at 461.62. Market sentiment is bullish.
Disclaimer: Past history is not an indicator of future results. For the legal disclaimer read here.