Bitcoin is making a slow and steady recovery toward $7,000. Has bearish market sentiment alleviated? Or, are the current gains simply the result of a market-wide oversold bounce? On Thursday, BTC broke through the $6,450 resistance and proceeded to reach a weekly high just shy of $6,600. This was prior to a  brief pullback to $6,400. The weekly chart shows Bitcoin (BTC) about to set a higher low. After last week’s break from this pattern,Read MoreThe post Bitcoin Price Analysis: Are Oversold Bounces Leading the Market Higher? appeared first on Bitcoinist.com. For Further Information Click on Below Button