Bitcoin Price At The Cliff's Edge

Bitcoin Price At The Cliff's Edge

While the sideways consolidation rattles on, the Bitcoin price chart is starting to display the daily pattern of consolidate-then-drop that characterized December / January trade. Negative social mood abounds, and with it, the appetite for selling increases. 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: 17h06 UTC. BTC-China 1-Hour Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages of....


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The Bitcoin price appears to be hanging precariously on the edge of a cliff. However, the failure to decline from current levels strengthens the case that a move up is due. Update. Time of analysis update: 19h35 UTC. A strong surge to the upside is approaching the 1.618 target at $398. The structure of the advancing wave is unusual and it will be interesting to see how it develops. The momentum of the advancing wave implies it will advance beyond the 1.618 Fib extension - if not today, then after a retracement. A resumption of the larger decline seems unlikely today. Bitstamp 15-Minute....