Bitcoin Price Holds Above $285

Bitcoin price has declined to support at $285 and failed to break lower. Yesterday’s sense that direction was unknown, now sees a potential support floor for advance developing. A few clues in the price chart imply that once the consolidation is over (if not already complete), price may move on $300 again.

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Bitcoin Price Analysis

Time of analysis: 03h48 UTC

Bitstamp 15-Minute Chart

Bitstamp 15-Minute Chart

From the analysis pages of, earlier today:

During the US evening time and early Asia-Pacific session, price declined to the 1-hour 200MA – shown in the 15-minute chart, above – as the 15-minute 800MA (purple) at $285.

Four consecutive candles attempted to break below before trade finally lifted price back above $290 and 1790 CNY.

The low was accompanied by divergence in the stochastics (top) – notice the

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