Bitcoin Price Approaching Critical Support

Bitcoin Price Approaching Critical Support

Bitcoin Price is still trading sideways without making a new intraday high or low. We consider some longer term chart analysis while waiting for the Bitcoin price to take direction. Bitcoin Price Analysis. Time of analysis: 13h00 UTC. Christmas Season. Bitstamp 4-Hour Chart. A look at the 4-hour chart shows few signs of what price action may be up to. The lack of a higher high or lower low on the intraday chart requires us to wait for more clarity. Interesting, on this chart, is that the Bitcoin price shows little regard for the Fib fan lines once it embarks on an advance (left of chart).....

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For bitcoin to make it it needs to be banned by a few governments and critiqued by policy makers. Otherwise it will fade.

Nassim Taleb, Author and Risk Analyst