Bitcoin Price Drop Stays Above Chart Support

Bitcoin Price Drop Stays Above Chart Support

Bitcoin price dropped sharply today as apparent nervous profit taking took hold. Price remained above critical 4-hour chart support in the form of the 200-period moving average. 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: 16h59 UTC. Bitfinex 15-Minute Chart. Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: The sell-off was unexpected, but then, it is an ABC correction that....


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Quotes

I love seeing new services constantly starting to accept Bitcoin. Bitcoin is really becoming “the currency of the Internet.” I’m most concerned by possible government reactions to Bitcoin. They can’t destroy Bitcoin, but they could really slow things down by making exchange much more difficult.

Michael Marquardt, Professor and author