Bitcoin Price Advance Loses Momentum

Bitcoin Price Buggy Low MomentumBitcoin Price Buggy Low MomentumBitcoin price has moved in a narrow $12 range since the beginning of June, and is currently below the 4-hour 200MA (red) with indicator room for perhaps one more high near the 200MA before it must draw lower or, once again, consolidate.

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Bitcoin Price Analysis

Time of analysis: 08h42 UTC

Bitfinex 4-Hour Chart

Bitfinex 4-Hour ChartBitfinex 4-Hour Chart

From the analysis pages of, earlier today:

The chart above shows price history since March of this year and the sideways-to-down consolidation below the 4-hour 800MA (purple). In early May the market was able to trade price to above the 200MA (red)

Read more ... source: CryptoCoinsNews