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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Quotes

Long term, if Bitcoin gains widespread adoption, I'd expect the Bitcoin price to correlate to how useful people think sending payments, property and contracts anywhere in the world instantly and reliably is. Personally I think this could be more useful than wearing jewelry, but maybe that's just me.

Chris Dixon, Entrepreneur and investor, co-founder and former CEO of Hunch