Bitcoin cost followed a bullion cost pierce that pennyless above insurgency today. The move, in both charts, comes as a warn and we have to adjust a outlook.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
OKCoin BTC/USD 4-Hour Chart
From a research pages of xbt.social, progressing today:
Bitcoin cost has pushed above a constraining trendline, and this eventuality invalidates a expectancy that cost was building a bottom for advance.
Interesting to note that a bullion cost surged above long-term support (at $1,150) only before to a bitcoin cost draft trendline breach. Gold cost is annotated in dark blue in a draft above (taken a few mins before to a bitcoin cost surge)
The call adult is retreat diverged to Jan cost highs during all timeframes from 1-day and smaller.
In a longer-term 4hr draft (above) cost appeared