Bitcoin price is holding ground near $250 and 1550 CNY after a surge from $240 yesterday. Monday morning may see markets, especially the Euro-pair forex instruments react strongly to the surprise twist in the Greek elegy. We consider the paths of price in the coming days, with critical levels that will define the price action.
This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29.
Bitcoin Price Analysis
Time of analysis: 14h34 UTC
Bitfinex 1-Hour Chart
From the analysis pages of xbt.social, earlier today:
Two wave counts try to make sense of where price action may be heading.
The black count is preferred and involves no change to our previous outlook of continuing decline in a final wave C. This wave C should target previously identified levels at $230, $222 and perhaps lower, although this prospect will be explored once we have confirmation of decline.
An alternate count is annotated in red and implies continuing advance to $280 and eventually $300. This count is not favored, but it cannot