Bitcoin Price Advance Slipping?

Bitcoin price appears to be slipping from yesterday’s high as the market starts taking profit. If trade can hold price above $260 and 1620 CNY for only a few more days, a bullish cross-over in the daily chart will shift the bias in favor of the bulls.

This analysis is provided by 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: 05h15 UTC

Bitstamp 1-Hour Chart

Bitstamp 1-Hour Chart

From the analysis pages of, earlier today:

Price has returned to test the critical $261 / 1620 CNY support level.

A critical moment has arrived in the market, as Bitcoin price retests the envelope line that has contained advance.

Yesterday saw a highly significant development when price advanced above the 1-day 200MA. The 1-day 20MA (green) is pushing up behind price and may cross above the 200MA in the coming days. This MA

Read more ... source: CryptoCoinsNews