Bitcoin Price Hedge Pledge

Bitcoin price is advancing in “stupendous” mode as the Fed delays a rate hike, once again. Uncertainty and US dollar hedging is the name of the game and bitcoin has received a go-ahead to advance, uninterrupted, for two months.

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Bitcoin Price Analysis

Time of analysis: 15h29 UTC

Bitstamp 4-Hour Chart

Bitstamp 4-Hour Chart

From the analysis pages of, earlier today:

Amazing price action in the 4-hour Bitstamp chart as price pushes the indicators to the extreme in what looks like its final wave to the upside.

“Final” does not mean the “end of trend”, however – the Fed’s delay in hiking interest rates means that bitcoin’s role as a US dollar hedge is sealed until at least December.

Although the largest players will remain long bitcoin, the moment where every buyer has bought

Read more ... source: TheBitcoinNews