Bitcoin Value, Bitcoin Price Decline on Hold

Bitcoin Value, Bitcoin Price Decline on Hold

Bitcoin Price is trading below, but remaining close to, critical support currently rising near $280. Bitcoin Value Analysis. Time of analysis: 15h00 UTC. BTC-China 4-Hour Chart. The longer-term 4-hour chart shows price decisively below both the green 20MA (moving average), as well as the red 200MA. BitFinex 1-Hour Chart. Due to an outage, the Bitstamp chart is missing some of the past week's price action. The BitFinex chart is presented instead. Dropping back into the clear diagonal Fib channel implies that price will target the lower channel line near $220-$230. There is nothing in the....


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Bitcoin Price Watch; Decline, Reversal On The Cards?

Here's a look at what we are focusing on in the bitcoin price this evening. We’re big advocates of bitcoin (I guess that goes without saying) and so when price moves as part of a steep decline, it hurts a little. We’ve all got holdings, and these holdings take a hit when the bitcoin price dips. That said, when you trade intraday as we do, a decline is neither positive nor negative, it’s just volatility. We like volatility, and we can take advantage of it if we set up right. In this instance, we set up right, and despite price collapsing from the high 700s to where it currently sits....

Bitcoin Price: Can Trade Hold $450?

Bitcoin price has drawn sideways around $450 (Bitstamp) for most of the day before making a rounded push higher. The decline may be over but additional price action is needed so soon after the strong upside reversal. The attached 15-minute chart shows price action since early May. A few chart annotations relating to previous analysis are visible, but today’s analysis focusses only on the drop since yesterday. It is unclear whether price has found support at the $450 level, and will now begin another slow push higher, or whether the sideways price action is setting up the next leg of....