Bitcoin Price Getting Ready To Move

Bitcoin Price Getting Ready To Move

Bitcoin price continued on Sunday as it had done on Saturday: quiet trade in a $4 range. Today’s price action seems to be coiling up for a larger move.

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Bitcoin Price Analysis

Time of analysis: 15h00 UTC

Bitstamp 1-Hour Candle Chart


From the analysis pages of, earlier today:

Another quiet day in the bitcoin price chart with price hugging the 200-hour moving average.

Volume remains low but the additional onset of low volatility within a narrow price range gives the impression that a larger move is building pressure in the chart.

Longer term constraints remain $449 (Bitstamp) and the horizontal resistance zone up to $470.

The price action since Thursday 12th April resembles a base pattern and a Fib extension tool shows its primary target (at 2.618) to fall exactly at the upper resistance level of

Read more ... source: TheBitcoinNews

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