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The bitcoin price held above $660 (Bitstamp) today, as the market stays in flux. Another declining wave seems due, but it is unsure whether this will unfold sooner rather than later.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
Bitstamp 4-Hour Candle Chart
From the analysis pages of xbt.social, earlier today:
Price has held at the $660 level overnight and the market may attempt to hold this level. However, looking at the blue annotations on the left of the chart we can see that an eventual return to the 4hr 200MA (red) is inevitable.
Whether the market continues selling off now, or first puts in an upward correction, remains to be seen. A