Bitcoin cost is trending aloft and a bulls might have found their nads. It’s a suppositional certainty that they will eventually mangle by insurgency and strike out for $500, though will it be this time?
Bitcoin Price Analysis
Time of analysis: 13h00 UTC
BTCC 4-Hour Candle Chart
From a research pages of xbt.social, progressing today:
Tempting as a past dual days’ ceiling curving cost call looks, now would be a wrong time to go long.
Price is reaching a 4hr 200MA in some exchanges and both a 4hr and 1hr draft uncover RSI retreat divergence. Note in a BTCC chart, above, how a 4hr 200MA (red) was deserted with joviality on Monday.
The ceiling swell might continue, though a indications are that during slightest a improvement is due – if not full-blown annulment behind into decline.