Bitcoin cost trend stays up. Advance should retake $630 in a entrance days, though a improvement might convey a lift higher.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC Wednesday
Bitstamp 4-Hour Candle Chart
From a research pages of xbt.social, progressing today:
Price continues pulling aloft above a 200-period relocating normal in a 4hour candle draft (red).
The draft is essentially bullish given we see a stochastics rising from oversold (magenta circle, top-right), though an obscure denote warns of intensity downside as they’re flashing a red dissimilarity dot. This represents a downside risk that traders should be prepared for: cost might scold down to a 200MA nearby $587 before resuming advance.
If cost can lift above $630 (Bitstamp) afterwards a pierce will means 4hr MACD to concurrently allege above a vigilance line and above 0 (orange arrow). The pierce will afterwards lift 1day MACD into advance, as well, and we will be on