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The bitcoin price holds sideways in pattern suggesting advance. Another rewarding week in the market and it does not look like the advance is giving up. Technical analysis finds price targets and risk levels.
Bitcoin Price Analysis
Time of analysis: 13h00 UTC
OKCoin BTC/USD 1-Hour Candle Chart
From the analysis pages of xbt.social, earlier today:
During the past 24 hours we’ve seen price hold above the low established by yesterday’s profit-taking sell-off.
The 1hr candle OKCoin BTC/USD chart, above, shows price at the bottom of a rising channel with MACD (just above price) also at the bottom of the range defined by its Bollinger Bands. The implication is that price is now free