What Happened To The Bitcoin Price Decline?
The Bitcoin price hit $397.75 during the US trading session yesterday and has since retraced to $380. Trade has slipped back below the 20-period moving average on the 4-hour chart and downside looms... but where is it? Bitcoin Price Decline Doesn't Want to Play. The 15-minute Bitstamp chart shows the upward curve of price action as it advanced toward $400. The wave high was $397.75 which is slightly below the $398 target defined by the 1.618 Fib extension of the initial wave of advance. However, drawing Fibonacci extensions from the first subwave of the advancing wave yields wave divisions....
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Bitcoin price made another low to near $280 (Bitfinex) and 1750 CNY (BTC-China) during the late Friday US session. Questions about the direction of trend abound and xbt.social makes the case that advance above $300 will soon resume. 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: 14h42 UTC. BTC-China 1-Day Chart. From the analysis pages of xbt.social, earlier today: Prudent traders will have been stopped out at a profit during the last....
2014 has not proven to be a good year for the Bitcoin price and the people who started the year looking to increase their capital gains by holding Bitcoin. Before the Mt. Gox meltdown, prices were above $1000 and still looking to rise. The morale was high, and Bitcoin holders were happier than ever; all the way to the bank. Then the infamous crash happened, and the price saw an immediate tumble downwards. It recovered slightly into the $600 range, although the hearts of those that lost may not have fully healed, but has been in a steady, disparaging decline. The price dipped below $400....