Bitcoin Price Advance Approaching $300

Bitcoin price is being bought up in rally that began as a whimper, and is now approaching a way point after covering $40 in 3 weeks of strained advance. Once correction sets in we will be able to assess if this rally has legs. 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: 14h56 UTC. Bitstamp 1-Day Chart. From the analysis pages of xbt.social, earlier today: The current advance is approaching two instances of reverse divergence in the....

Bitcoin Price has been advancing persistently and hit $260 / 1620 CNY during today's Asia-Pacific trading session. xbt.social analysis considers what lies ahead. 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: 04h59 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The advance is approaching target at $261 and 1621 CNY. Price has pushed relentlessly through resistance and into compounding divergence to....

Bitcoin price eeks it out in a narrow range. Some lows, some highs but none of them to a new extreme. The eventual direction of trend remains unclear. Vigorous upside, today, is approaching an overhead resistance zone that has held back advance since late 2015. Although the latest advance is overbought and diverging, the push higher may have another upside wave in store. Bear in mind that it is not the right moment to bet long just yet. We want to see price establish above the long-term resistance near $432 (Bitstamp) before we consider a buy position. Both the 4-hour (not shown) and....

Slow Bitcoin price action is making neither new highs nor new lows. The BTC-e chart has been plotting a low volatility course near $227 for a few days. At $228.75 price had retraced 38.2% (a Fibonacci ratio) of the recent third wave of decline. The other exchanges have been more animated but are not plotting advance. 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: 16h38 UTC. Bitstamp 15-Minute Chart. Why The Preference For BTC-China....

Bitcoin is approaching once again the arc which stopped the advance in the recent past. This setup shows us that we are at a point in time and price that is a bit precarious. The market has turned at this arc pair twice already. However, I see that at its peak, price not only punctured, but (briefly) closed above the arc pair. This suggests that the arc is vulnerable. Will it get through the arc pair in this test? This chart is very helpful. Here we can see that the 4th arc, which has been impenetrable for several days, has been penetrated all the way to the 2nd arc of the pair. As of this....