http www.newsbtc.com 2017 02 19 bitcoin-price-weekly-analysis-btcusd-remains-buy

　　In the latest weekly analysis from http www.newsbtc.com 2017 02 19 bitcoin-price-weekly-analysis-btcusd-remains-buy, the focus is on the ongoing trend of Bitcoin (BTC) against the US Dollar (USD). The report highlights that BTC/USD remains in a buy zone, offering investors a promising outlook for the cryptocurrency.

　　The analysis begins by examining the historical price movements of Bitcoin. Over the past few weeks, the cryptocurrency has shown resilience, bouncing back from previous dips. The report notes that the current buy zone for BTC/USD is between $9,000 and $10,000, which has been a strong support level for the digital asset.

　　One of the key factors contributing to the bullish trend is the increasing adoption of Bitcoin as a digital currency and a store of value. The report states that as more individuals and businesses recognize the potential of Bitcoin, the demand for the cryptocurrency is likely to rise, pushing the price higher.

　　Furthermore, the report discusses the impact of regulatory news on the Bitcoin market. Despite recent concerns about regulatory scrutiny, the analysis suggests that the overall sentiment remains positive. The report states, "While there have been some regulatory challenges, the overall trend is still bullish, and the market seems to be shrugging off these concerns."

　　Another important aspect highlighted in the analysis is the correlation between Bitcoin and other cryptocurrencies. The report notes that as Bitcoin continues to gain traction, it is likely to have a positive spillover effect on the entire cryptocurrency market. This correlation is evident in the recent surge of altcoins, which have been experiencing significant growth alongside Bitcoin.

　　The report also delves into the technical analysis of BTC/USD. It examines various indicators and patterns that suggest a continued upward trend. The analysis reveals that the Relative Strength Index (RSI) is currently above 50, indicating that Bitcoin is in a strong bullish phase. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further reinforcing the positive outlook for the cryptocurrency.

　　However, the report also acknowledges the potential risks associated with investing in Bitcoin. It warns investors to be cautious and to conduct thorough research before making any investment decisions. The volatility of the cryptocurrency market is a significant risk factor, and investors should be prepared for sudden price fluctuations.

　　In conclusion, the weekly analysis from http www.newsbtc.com 2017 02 19 bitcoin-price-weekly-analysis-btcusd-remains-buy suggests that BTC/USD remains in a buy zone, offering investors a promising outlook. The increasing adoption of Bitcoin, positive regulatory news, and technical indicators all point towards a continued upward trend. However, investors are advised to exercise caution and conduct thorough research to navigate the volatile cryptocurrency market.

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