Bitcoin Price Hits $550, Pullback.
Bitcoin price achieved $550 in the Bitstamp chart, today. With Bitfinex already having spiked to $570, it looks like price will now correct the wave of advance before pushing higher. Technical analysis looks for confirmation of the move, as well as its potential targets. Bitcoin price continues drooping lower despite sustained, albeit low, buying volume. While the other exchanges drew sideways during the past 24 hours, Bitstamp made a bolt for – and hit – $550. By now, the 1-hour candle chart indicators are confirming the subsequent move lower: 1) the stochastics (top) would typically seek....
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