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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Bitcoin fast approaching towards a critical intersection of macro support, according to a crypto analyst. Critical Intersection Of Macro Support As pointed out by a Bitcoin analyst on Twitter, the cryptocurrency is coming closer to an intersection with a macro support curve. BTC macro support curve | Source: TheCryptoCactus The above chart showcases how Bitcoin […]
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