Bitcoin Price Weekly Analysis – BTC/USD in Monstrous Trend

…There were nasty gains in Bitcoin price this past week as it moved above the $5500 and $5600 resistance levels against the US Dollar. A new all-time high was formed at $5851 and it seems like the current uptrend is not over yet. The price might continue to trade higher and could break the $5851 resistance for more gains. Recently, there was a minor dip from the current levels and the price moved below the 23.6% Fib retracement level of the last wave from the $4703 low to $5851 high…

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