Bitcoin Price - Going Down
Bitcoin Price is going down. The downside thrust of the move from $275 to $264 at the time of writing leaves no doubt that a continuing downtrend is in force. Hopes of a 3rd wave turnaround are alive up to 99.9% retracement of the week's advance, but the outlook is becoming grim. Bitcoin Price Analysis. Time of analysis: 17h00 UTC. Bitstamp's feed to Tradingview remains unwell and BTC-China, the centralized exchange chart of choice shows the damage: BTC-China 4-Hour Chart. Price fell way from 1,690 CNY in a tumultuous collapse. 1,640 CNY was reached in 30 minutes of cynical short selling....
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