Bitcoin Price Holds Above $550 Support

Bitcoin Price Holds Above $550 Support

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Bitcoin cost has halted decrease and might have found support during a $555 (Bitstamp) level. The 4-hour candle draft shows that allege is possible, though that a vicious watershed for decrease stays close-by.

This research is supposing by xbt.social with a 3-hour delay. Read a full research here. Not a member? Join now.

Bitcoin Price Analysis

Time of analysis: 13h00 UTC Thursday

Bitstamp 4-Hour Candle Chart

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From a research pages of xbt.social, progressing today:

Price movement has stopped creation reduce lows – for now – and we’re nonetheless to see a array of aloft highs. It’s too early to dump a thought of additional decrease given a past day’s upside settlement might usually be an ceiling correction. While we wait for a draft to rise further, let’s cruise middle trend in a 4hr hour chart.

I had mentioned, before to a dump from $650, that a vast decrease would obey a settlement of a decrease that setup a Jun rally. August’s cost movement seems to be stability in line with a idea



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