Bitcoin price wallows near a 15-month support line near $434. The market seems somber after a frustrating 5 months that had produced nothing in the chart to write home about. Perhaps it’s Saturday’s blue moon or perhaps it’s sheer exhaustion from ecosystem overload during the past year…
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
OKCoin 3MOnth Futures 1-Hour Candle Chart
From the analysis pages of xbt.social, earlier today:
Not much to report as price slowly keels over into downside. The Bear is not showing any more commitment than his friend, Ferdinand the Bull, had during the past several months of non-advance in the chart.
In the OKCoin Quarterly Futures chart, price can be seen drawing out a typical sideways plateau prior to the next move lower.
The 1-hour chart’s stochastics (top panel) are dissociating from