Bitcoin Price Bounces From Support
Bitcoin price declined to $240 (Bitfinex) and 1500 CNY (BTC-China) where it found support at its reliable 200-period moving average. A bounce higher is underway and analysis looks for its target and outcome. 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: 05h00 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, written 05h00 UTC, prior to the current advancing wave: In the 1-hour Bitstamp chart, above, price has declined....
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Bitcoin price pushed to $392 (Bitstamp) and, today, attempted the high again but failed. Once again in tandem with gold, bitcoin price fell away from the high and now approaches support. Will it break or will it bounce? Watch the bitcoin chart in the coming hours to see whether or not price finds support and bounces higher. A surge into an advancing trend was expected – and all the indications were confirmatory – but the irregular base wave formation leaves such an outlook in doubt. The price pattern of the current push higher does not differ from previous corrective waves to the upside.....