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.”
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Author: William Suberg
