Why is Bitcoin price going up? 4 indicators suggest a Potential Bottom

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Bitcoin price (BTC) has continued to fend off support in the $7,800 region for what will be the fifth week running at the end of today. With the BTC price currently back up over $8,200, several indicators suggest that a potential reversal may be in the cards. Bitcoin price seems to have found a bottom for the time being. Both on the daily and weekly charts the BTC/USD has repeatedly rejected support this past week. After the high of around $8,400 on Monday, Oct. 14, Bitcoin bounced off Bollinger Bands (BB) indicator’s support 5 days out of 7, with the current support sitting around $7,860. Read more 
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