Bitcoin Price Holding Above Support
Bitcoin Price is holding above support in quiet trade. The wave action has not moved away from the low struck on Sunday in a decisive manner, and we can only wait for clues about the next move. Bitcoin Price Analysis. Time of analysis: 15h00 UTC. Some readers have asked about the timing and implications of the Bitstamp hack. It is difficult to speculate at this time, and a CCN editor will be updating readers with information about Bitstamp as it is released. BitFinex 1-Hour Chart. Due to exchange difficulties, the Bitstamp chart was frozen at a price point somewhere during yesterday's....
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Bitcoin price is holding to a previous chart structure after finding support near 2900 CNY and $440. The 1hr 200MA has provided the support discussed in yesterday’s analysis. Currently price is holding an advancing line around the advancing Fib line that has defined price action for the past several weeks. Although the chart looks to be advancing we await a Buy signal before opening any position in the chart.
Bitcoin value is holding price above support near $275 and attempts to sell price down have been foiled by strong buying support. Analysis considers market psychology at the current juncture in the chart, as well as potential outcomes. 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: 06h43 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The 1-day 20MA is currently located at $274.80 in the Bitstamp chart....