Bitcoin Chart Analysis - Market at a Critical Juncture

Bitcoin Chart Analysis - Market at a Critical Juncture

Bitcoin Chart Analysis reveals that the market is at a critical juncture with regards to trend. Weekend trade wound sideways in a narrow range, but all the time approaching the long-term rising trendline that has supported price on three occasions during the past ten weeks. With the Silk Road wallet auction passing as just another day in the Bitcoin diary, and having failed to produce the fever-pitched melodrama that market participants seem to need in order to spur them in a direction, price had dropped away from its anticipatory high near $660 (Bitstamp). Is the market seeking out that....


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Bitcoin Price Passing Time, Market Direction Unknown

Bitcoin price is drawing sideways along a Fibonacci Fan line. While it would be highly beneficial to know the market's next directional move from the current juncture, it is just one of those times in the chart where even the market does not know what it will do next. 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: 07h46 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social, earlier today: The 15-minute Bitfinex chart....