Bitcoin Advance Resumes But May Soon Reverse

We all want Bitcoin price advance and sooner would be better than later. Acknowledged. Yet, at the risk of being a wet blanket, it has to be pointed out that the current wave still fits with our consolidative outlook and may not continue advancing this time round.

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Bitcoin Price Analysis

Time of analysis: 16h59 UTC

OKCoin 4-Hour Chart

OKCoin 4-Hour ChartOKCoin 4-Hour Chart

From the analysis pages of, earlier today:

There is little in the chart to give us reason to believe that this particular price wave is going to continue into a larger move. The wave did not start with impulsive drive and it is advancing, with strain, into a mess of overhead resistance and poorly aligned moving averages at all timeframes.

The 4-hour

Read more ... source: CryptoCoinsNews