Bitcoin cost continued laterally currently in low volume trade that is looking some-more and some-more expected to spin to decline.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
OKCoin BTC/USD 4-Hour Chart
From a research pages of xbt.social, progressing today:
Two call depends simulate a ambiguity of a stream connection of price.
At a benefaction high inside a rising channel (dotted grey lines), a B-C-D count (black labels) has reached a visual high from where we’d design to see decrease to during slightest $370 – a turn of a bottom of a prior visual advance.
An swap call count (red labels) is bullish and would see cost accelerate to a upside in a convene toward $500.
Today’s 15-minute and 1-hour charts (not shown) give a sense that cost could be combining a bottom for another