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Bitcoin Price Analysis: Slow Sunday Trade

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Bitcoin cost movement has been delayed during still Sunday trade. The bears continue preferring to place orders next price, rather than pro-actively trade a market. Upside is apropos stretched though might continue harsh aloft until some-more participation, on Monday, capitulates a bearish draft technicals.

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Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitstamp 1-Hour Chart

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

The opposite sell charts are starting to separate in their alignments and indications. The Bitstamp draft is not as bearish as a CNY charts and others, so let’s review it:

The 1hr draft shows that a stochastics have now grouped during their top extreme. MACD has not nonetheless overwhelmed a top Bollinger Band and RSI has not nonetheless convincingly diverged to a prior highs, as illustrated with a blue arrow


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