Bitcoin price declined below 1hr chart support in early trade, today, after which price has been drawing sideways. At the time of writing it appears likely that another wave of decline is on the cards.
Bitcoin Price Analysis
Time of analysis: 13h30 UTC
OKCoin 2Week 1-Hour Chart
From the analysis pages of xbt.social, earlier today:
A section of the OKCoin 2Week chart we considered yesterday [at xbt.social].
The bulls have failed to pull price out of its corrective dive and price breached the supporting 1-hour 20-period moving average (20MA in green). Additionally, a full valid xbt.social signal is forming in the 15min chart.
Although a sell signal is expected, if the bulls take their lead from the gold chart, they could attack and a buy signal could result. As per the xbt.social trading philosophy,