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The bitcoin price chart fell through another level of support earlier today, but is clawing its way back to $600. How will we know if the next upward wave is advance or merely a correction? The 1-day candle chart indicators give us clues.
Bitcoin Price Analysis
Time of analysis: 13h00 UTC
Bitstamp 1-Day Candle Chart
From the analysis pages of xbt.social, earlier today:
After last night’s post price rapidly made its way down to the 4hr chart’s 200MA at $585 (Bitstamp), spiked below it, and is currently attempting to regain $600.
The OKCoin 3month futures contract 1-day candle chart is shown, for the reason that it shows leveraged trading and, therefore, exaggerated price