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Bitcoin Price Bounce Approaches $600

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Bitcoin cost is gradually entrance $600 (Bitstamp) as a chart’s movement indicators uncover ongoing remuneration for final week’s clever sell-off. Could allege continue immediately? Possibly, though with a few obstacles to consider.

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 13h00 UTC Sunday

Bitstamp 1-Day Candle Chart

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

Since a low struck during $465 (Bitstamp), final week, cost has usually modernized aloft in a chart.

At a time of essay cost has pushed to a 200-period relocating normal nearby $594 in a 1-hour draft (not shown). However, a 1-hour stochastics have begun descending divided from their limit and 1-hour RSI is diverging from a new high. This advancing call might still tab $600 in a entrance hours though indicators in a 1-day draft have not nonetheless aligned amply to give clever certainty of ongoing advance.

Following an purported “hack theft” of approximately 120k BTC final week, a nefarious


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