Bitcoin Price At A New Moon High?

Bitcoin price crossed above resistance this week and is now straining to make a new high. Upside may continue but the indicators say the bulls may only have resources for one or two more highs.

This analysis is provided by with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29.

Bitcoin Price Analysis

Time of analysis: 14h06 UTC

BTC-China 1-Hour Chart

BTC-China 1-Hour Chart

From the analysis pages of, earlier today:

The current upside wave is running out of time. It may still push to $260 and 1700 CNY but, eventually, it must correct as each wave before it did.

There is no doubt that the upside has accelerated, as can be seen from the distorted wave pattern circled in magenta. This upward bias is present in all the charts except the OKCoin 3Mth which has only made lower highs for the past two days.

The reversal could be

Read more ... source: TheBitcoinNews