Bitcoin cost decrease pulls deeper into a converging section around $650. Below $640 there is a freefall section to $600, nonetheless a annulment during $640 can't be ruled out.
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Bitcoin Price Analysis
Time of analysis: 15h00 UTC
Bitstamp 4-Hour Candle Chart
From a research pages of xbt.social, progressing today:
The Bitstamp 4hr candle draft shows a extended overview of a final vast call to a Jun high, followed by a improvement that fast slammed down to $560. Subsequent cost movement had been obscure while cost went by a paces of a improvement – digest a indicators mostly invalid and heading a marketplace into dual longhorn traps before to slumping once more.
On a weekend dual disappearing scenarios were considered:
1) a vast decrease to $600 or $560, as per a overlapping Fib prolongation targets and