Bitcoin Trading Pushes Bitcoin Price Under $300
Bitcoin trading pushed the Bitcoin Price above our upper channel trendline and, today, declined during the Asian and European sessions from $303 to $282 (BitFinex) and slight recovery since. The market must now show us what it intends to do as trade has halted decline on a lower channel trendline. Bitcoin Price Analysis. Time of analysis: 15h00 UTC. BTC-China 1-Hour Bitcoin Trading Chart. The BTC-China hourly chart shows today's decline across the magenta channel lines we introduced in yesterday's analysis. Bitcoin price had targeted a pivot level at the upper channel trendline. The....
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Bitcoin Trading has been in profit-taking mode for the past 24 hours after buyers pushed the Bitcoin price over $300 and 1,900 CNY yesterday. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading and Price Analysis. Time of analysis: 14h30 UTC. Bitfinex 4-Hour Chart. Price has corrected to 38% retracement of the advance across all exchanges. We would expect, based on the Elliott Wave Principle and from the Bitcoin chart history, that the correction should pull much lower - to 50% or 62% at least - but trade pushes price back above 38%....