Bitcoin price pushed to $470 (Bitstamp) overnight and then corrected for most of today. At the time of writing a series of green candles from the low shows determined buy-power aiming for a new high. Can the bulls do it?
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
Bitstamp 4-Hour Chart
From the analysis pages of xbt.social, earlier today:
There was a large correction across exchange chart since last night’s high at $470 (Bitstamp). Following a low near $455 around 12h00 UTC today, the bulls again took charge, and at the time of writing a frenzied buying spree has kept price advancing despite divergence, sporadic profit taking and a looming resistance ceiling at $470.
The 4-hour Bitstamp cart (above) shows the level of the resistance in grey. If the market can break through this resistance,