Daily Bitcoin Price Analysis: Bitcoin Chooses The Direction
As we expected, yesterday Bitcoin price was near the level of $430. But sellers could not lower the price below $426 and buyers failed to raise the price above $432. We decided to ask experts: How long will this correction proceed? To what level should we expect Bitcoin to decrease? And got the following answers: Vishal Gupta is the Founder of Bitcoin Alliance India, CEO at SearchTrade, and Director at Moving Trumpet: “Not a decline market has picked up a range wherein there is resistance at 420 on downside and 460 on upside. This is unusal spread by common standards but I guess in Bitcoin....
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Bitcoin price is midway between this week's earlier high and yesterday corrective low. Currently hovering around $267 and 1672 CNY for most of the Asia-Pacific session, the European and US sessions may generate more movement. Yesterday, we outlined a few scenarios for the coming weeks and today's analysis tries to find the immediate direction from a 4-hour chart assessment. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 05h33 UTC.....