Bitcoin Price Holding Ground - Outlook For The Week
Bitcoin price is holding ground near $250 and 1550 CNY after a surge from $240 yesterday. Monday morning may see markets, especially the Euro-pair forex instruments react strongly to the surprise twist in the Greek elegy. We consider the paths of price in the coming days, with critical levels that will define the price action. 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: 14h34 UTC. Bitfinex 1-Hour Chart. From the analysis pages of....
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In the previous session, we saw bitcoin uncoil upwards. In the 1H chart, we can see that the uncoiling extended further during the Thursday April 2 session. Here are some observations:1) Price has sprung up from the cluster of 200-, 100-, and 50-hour simple moving avearges (SMAs). This shows the market's decision to turn bullish. 2) The RSI has tagged above 70, which shows initiation of bullish momentum. 3) Price is still holding under the 255-256 highs, which suggests that the bullish outlook was so far a near-term one. Bitcoin (BTCUSD) 1H Chart April 3, 2015. Bullish Scenario: Now, if....