Bitcoin cost continues holding to laterally trade above 2900 CNY and $440.
Bitcoin Price Analysis
Time of analysis: 15h30 UTC
BTCC 1-Hour Chart
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.
Not certain what to expect