Bitcoin price decline intensifies. Many participants are expressing anger at the prospect. However, remember that you share this market with bitcoin price whales – some of them orcas feeding on your buy positions, right now.
Bitcoin Price Analysis
Time of analysis: 14h00 UTC
Bitstamp 4-Hour Candle Chart
From the analysis pages of xbt.social, earlier today:
Bitcoin price decline intensifies under the bearish conditions emphasized in yesterday’s analysis post.
It’s been a long time since we’ve seen the bitcoin price charts so bearish across timeframes. Of course, there is no other asset out there that even comes close to Bitcoin’s super-fundamentals (censorship resistance, cryptographic security, mathematical consensus), yet, being unregulated (and beyond regulation by design) and floating freely in the open market, the price chart is traded up and down like any other commodity – irrespective of fundamentals or news events.
The 4hr view is shown in the attached chart.
Breach of the ascending blue