Bitcoin technical analysis: Trades back above 200 hour MA - ConsultFX

Bitcoin technical analysis: Trades back above 200 hour MA

Trades back above $16000 The price of bitcoin tumbled last week to a low of $11,159 on the Bitstamp exchange.  That low was on Friday.  Over the weekend, the price recovered and formed a floor around the $12500 area (see green circles).   Copyright 2015 Forexlive.com