Bitcoin Price Down, Stabilizing for a New Push?
Bitcoin Price traded in a narrow range around $260 and 1,600 CNY today. Price has settled on the trendline that has supported advance to date, and the market seems to be anticipating a big move. Update: The price has touched $230 as anticipated as a current low in the trendline. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Value and Price Analysis. Time of analysis: 09h00 UTC. Bitfinex 15-Minute Chart. Analysis quoted from xbt.social: The state of the 15-minute chart has moved closer to our expected Buy trade signal condition. The rising....
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Central Bank Warns Currency Speculators
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Don’t be fooled by the news, the bitcoin price and stock market is stabilizing and natural gas stores are more than full. We may be past the worst days.
Bitcoin witnessed fresh selling and minor profit booking as bulls failed to keep up the upbeat mood and cross the resistance level. In my previous analysis Stalled!, I had stated that if the bulls struggle for too long below the resistance, then it may eventually lead to a decline. I still maintain my view. Another pressure point is the outcome of the FOMC meeting which had Janet Yellen 'mostly optimistic' on the US economy and raised the expectations that the first interest rate hike may come in as early as September. An increase in interest rates will push demand for the greenback....