Bitcoin Price Analysis: Last Chance At $640

Bitcoin Price Analysis: Last Chance At $640

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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.

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. If we are new to trade or unknown with a concepts and research collection used below, allow to xbt.social to learn a ropes.

Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitstamp 4-Hour Candle Chart

Selection_20160726_001

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



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