Bitcoin Price At The Crossroads

The bitcoin price charts are not giving uniform indications for all exchanges and the divergence is a signal that investors in different localities have different expectations for trend. The charts are equally weighted toward both advance and continued decline. Analysis identifies a critical level that will signal the medium-term direction of trend.

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Bitcoin Price Analysis

Time of analysis: 05h24 UTC

BTC-China 1-Hour Chart

BTC-China 1-Hour Chart

From the analysis pages of, earlier today:

Price is both above and below the 1hr 200MA in different exchange charts.

In the 1-hour BTC-China chart we see price trading above the red 200MA. This is also the case in the Huobi CNY chart, as well as some OKCoin USD futures charts. BTC-e, Bitstamp and Bitfinex are trading below their 1-hour 200MA.

As highlighted in the chart, above, price may well give up its position and resume decline below the 200MA. We have a trade recommendation prepared for this scenario, so we simply await the moving

Read more ... source: CryptoCoinsNews