Bitcoin Whales Keep Accumulating as Mt.Gox Creditors Receive BTC Repayments

BTC reversed from $60,423, the 20-day Exponential Moving Average, on August 29th, signaling that the sellers were taking profits.

Bitcoin price analysis shows that the coin is trading within a narrow range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108. On the other hand, a drop to $55,843 is possible if the bulls fail to start a recovery rally at $58,004.

Bitcoin price analysis: Forces are antagonistic and ready to move in either direction

Bitcoin price analysis shows that the coin is trading within a narrow range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108. On the other hand, a drop to $55,843 is possible if the bulls fail to start a recovery rally at $58,004.

Bitcoin price analysis: Forces are equalized and ready to move in either direction

Bitcoin price analysis shows that the coin is trading within a range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108. On the other hand, a drop to $55,843 is possible if the bulls fail to start a recovery rally at $58,004.

Bitcoin price analysis: Forces are antagonistic and ready to move in either direction

Bitcoin price analysis shows that the coin is trading within a range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108. On the other hand, a drop to $55,843 is possible if the bulls fail to start a recovery rally at $58,004.

Bitcoin price analysis: Forces are antagonistic and ready to move in either direction

Bitcoin price analysis shows that the coin is trading within a range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108. On the other hand, a drop to $55,843 is possible if the bulls fail to start a recovery rally at $58,004.

Bitcoin price analysis: Forces are antagonistic and ready to move in either direction

Bitcoin price analysis shows that the coin is trading within a range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108. On the other hand, a drop to $55,843 is possible if the bulls fail to start a recovery rally at $58,004.

Bitcoin price analysis: Forces are antagonistic and ready to move in either direction

Bitcoin price analysis shows that the coin is trading within a range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108. On the other hand, a drop to $55,843 is possible if the bulls fail to start a recovery rally at $58,004.

Bitcoin price analysis: Forces are antagonistic and ready to move in either direction

Bitcoin price analysis shows that the coin is trading within a range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108. On the other hand, a drop to $55,843 is possible if the bulls fail to start a recovery rally at $58,004.

Bitcoin price analysis: Forces are antagonistic and ready to move in either direction

Bitcoin price analysis shows that the coin is trading within a range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108. On the other hand, a drop to $55,843 is possible if the bulls fail to start a recovery rally at $58,004.

Bitcoin price analysis: Forces are antagonistic and ready to move in either direction

Bitcoin price analysis shows that the coin is trading within a range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108. On the other hand, a drop to $55,843 is possible if the bulls fail to start a recovery rally at $58,004.

Bitcoin price analysis: Forces are antagonistic and ready to move in either direction

Bitcoin price analysis shows that the coin is trading within a range as it attempts to break above the 20-day EMA. If it does, BTC could rally to $65,108.

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