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Bitcoin Price Consolidating Again

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Bitcoin cost continues holding to laterally trade above 2900 CNY and $440.

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. Not a member? Join now and accept a $29 bonus regulating a formula CCN29.

Bitcoin Price Analysis

Time of analysis: 15h30 UTC

BTCC 1-Hour Chart

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

A discerning demeanour during a 1hr BTCC draft and we see a relocating averages compressing in near-horizontal cost movement today.

MACD has staid on a 0 line and RSI has sufficient dissimilarity in both directions to concede a cost call to pierce some stretch – possibly adult or down.

The 4-hour and 1-day charts are technically bullish, though a annulment to a downside will fast change that.

Until we see a cost call pull to a new high, a insurgency roof might continue to forestall advance. To a downside, if a marketplace chooses it, there is a free-fall section next $440 down to $400.

Summary

Not certain what to expect


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