Bitcoin Price Analysis: Quiet Trade Above $450
Bitcoin price has not made any significant move during quiet Saturday trade. The start of day in the US may change that, but for now it looks like continuing inaction will be the prospect. A quiet day in the bitcoin price chart as price sticks close to the 200-hour moving average. Low volume trade keeps price within the constraints of the converging support near $449 (Bitstamp) and the horizontal resistance zone between $462 and $470. The recommendation remains that traders and investors wait for price to establish above the red resistance zone before committing to buy positions.....
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Since our previous look at the bitcoin price, bitcoin has enjoyed a hike of about two dollars. It’s not terrible; after all, any rise in price is something worth celebrating, but at the same time, $2 is nothing to jump and holler about. Considering bitcoin’s operations in the past, it’s probably safe to say that Bitcoin has found a spot to hover close and settle down for at least a little while. What Is the Bitcoin Price Doing? As one source puts it: “The Bitcoin price has not made any significant move during the quiet Saturday trade. The start of the day in the U.S. may change that, but....
Bitcoin Price is holding above support in quiet trade. The wave action has not moved away from the low struck on Sunday in a decisive manner, and we can only wait for clues about the next move. Bitcoin Price Analysis. Time of analysis: 15h00 UTC. Some readers have asked about the timing and implications of the Bitstamp hack. It is difficult to speculate at this time, and a CCN editor will be updating readers with information about Bitstamp as it is released. BitFinex 1-Hour Chart. Due to exchange difficulties, the Bitstamp chart was frozen at a price point somewhere during yesterday's....
Bitcoin price formed a small declining wave in quiet trade, today, and has currently turned back up. Be cautious for now, there is not yet any confirmation in the chart that the correction is complete. 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: 14h30 UTC. Bitfinex 1-Hour Chart. From the analysis pages of xbt.social, earlier today: On the Bitfinex chart for a change and difficult price action to use as a basis for predicting....
Quiet trade keeps Bitcoin Price in a narrow range just above $300 and 1,900 CNY. On the first day of 2015, the charts have given us a short-term clue for the first time in days. CCN will be providing readers with technical analysis every day throughout the year. Bitcoin Price Analysis. Time of analysis: 12h00 UTC. Bitstamp 4-Hour Chart. Happy New Year, all readers. I declare 2015 a profitable year in the Bitcoin market! The Fib fan line that has been capping the decline since November still imposes overhead resistance. During the final hours of 2014 price had advanced in low liquidity....
Bitcoin price has been holding above the 1-hour 200MA in some charts, and crisscrossing it in others. Common to all exchange charts is the support zone around $240 and 1500CNY. The market may trade price into advance or it may choose the low road. We look for the critical levels to trade from. 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: 17h00 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, at 04h00 UTC today:....