Bitcoin Price Intraday Analysis: BTCUSD Holding Gains

After slipping to its intraday low around $6,217, Bitcoin recovered as much as 4 percent on Thursday.

Comparing to the very recent price action, Bitcoin seems to have overstayed in the $6450-6500 area. In medium-term, the price is forming poles of bear pennants every other day. But, for now, it looks like Bitcoin is in the mood to hold its gains after all. The Asian trading session today has displayed a fair buying sentiment – just like yesterday – but the upside slowed down at the beginning of the European session.Read more

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