Bitcoin price is maintaining an east-bound course as we start counting weeks and not days in this nondescript pattern.
Bitcoin Price Analysis
Time of analysis: 15h32 UTC
OKCoin 15-Minute Chart
From the analysis pages of xbt.social, earlier today:
A quick glance at the 15-minute chart, above, shows the narrow price range and flat trading conditions.
One scenario, as discussed during the past week-and-a-half, is that price just keels over and continues downward. Another scenario that we should bear in mind can be found in the historic chart in late-February when price made a similar pattern and then advanced step-wise for almost a hundred dollar distance.
There is not much we can do other than keep the ascending and declining scenarios in mind for now. It does not seem likely that bitcoin is going to make a major move just yet – the market seems confused and pulled this way and that by indecision and uncertainty. We act on a signal when