Bitcoin Price – Behold The Coyote Bear

Bitcoin Price – Behold The Coyote Bear

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

Bitcoin price teeters on the edge of a precipice like Wily E. Coyote holding onto an anvil. The roadrunner is further up the road at $680. Beyond lies the promised land of bitcoin price $2000. FOMC night is here again.

This analysis is provided by with a 3-hour delay. Read the full analysis here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 13h00 UTC

OKCoin 3-Month Futures 4-Hour Candle Chart


From the analysis pages of, earlier today:

While the 1day and 3day charts remain in a bearish state, we anticipate decline.

The 4hr candle chart MACD remains below zero (magenta circle) and RSI keeps reverse diverging from price (blue annotations), which is vanilla flavor bearish in anyone’s TA textbook. The proposal is that the market is denying decline with irrational psychology, but without institutional (whale) support. Hence, a sideways corrective pattern may form (magenta trendlines) until the sell-off below $640 kicks in.

$640 is a critical pivot: while price remains above it there is every chance that the

Read more ... source: TheBitcoinNews


Read previous post:
Department of Treasury Fears Hackers Could Disrupt US Economy

The Financial Security of the US could be in the hands of hackers, a press release from the Treasury Department...