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Bitcoin Price Analysis – Holding Steady

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The bitcoin cost draft has been whip-sawing as buyers energetically expect a subsequent advance, while profit-takers yield on any proceed of $780 (Bitstamp). Technical research finds a repeating settlement and a intensity outcome.

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. Not a member? Join now and accept a $29 bonus regulating a formula CCN29.

Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitfinex BTC/USD 1-Hour Candle Chart

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From a research pages of xbt.social, progressing today:

The 1hr candle Bitfinex draft illustrates a energetic of cost converging and MACD compression. MACD application is clear from a Bollinger Bands.

As annotated in a chart, a Bollinger Bands agreement around MACD as cost consolidates into a squeezing range. Although MACD tends towards a 0 line during cost converging (decreasing volatility), we can see that during a rally,


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