Bitcoin Price Approaching Nov Closing Highs

Bitcoin Watch Shop

Bitcoin cost is pulling closer to a Nov shutting highs and technical research suggests a cost improvement to a downside is due.

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. Not a member? Join now and accept a $29 bonus regulating a formula CCN29.

Bitcoin Price Analysis

Time of analysis: 14h30 UTC

BTCC 1-Hour Chart

Selection_20151211_005

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

So far, so good for a trade from $315 and 2730 CNY that now seems to be reaching a ceiling.

The cost call might not retreat here, though pull laterally before another call of advance. Either approach a energetic stop detriment will take caring of profits.

Price is adult opposite a Fib line, as good as a Fib prolongation during this level. Additionally, a tradition stochastics are organisation during a tip of their operation and MACD is coming a top Bollinger band.

If cost continues aloft afterwards a subsequent beyond Fib line nearby a 3000 CNY psych turn should benefaction a greeting zone. The homogeneous Bitstamp/Bitfinex turn seems to be $450. Upon coming these cost levels a charts – during many timeframes – will


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