Bitcoin price continues sideways trade in a narrowing range. Like most of this week’s analysis, today’s update presents no new information for regular readers, although incidental readers may be interested in the matter-of-fact commentary below.
Bitcoin Price Analysis
Time of analysis: 15h10 UTC
OKCoin 3Month Forward 15-Minute Chart
From the analysis pages of xbt.social, earlier today:
Price is pushing higher within the defined range and now might be a good time to get out of the opportunistic long position suggested earlier in the week.
The move may still continue higher but is unlikely to fling to new heights or embark on a rally. If price will begin a rally from the current position then we’d expect to see it make a new high, pull back to a higher low, push to another new high, etc. Price action has not done any such thing for almost two weeks and will have to convince us of any intention of starting a larger